Brazil's Petrobras, Iran in Talks about Offshore Drilling

RIO DE JANEIRO Jan 22, 2007 (Dow Jones Newswires)

Brazil's state-run oil firm Petroleo Brasileiro SA (PBR), or Petrobras, is in talks with Iran to become a service provider in Caspian Sea deep offshore drilling, a company press official said Monday.

State-run National Iranian Oil Co. had shown interest in a cooperation with Petrobras which has a better expertise in deep and very deep offshore drilling, the press official said.

No deal has been reached yet, though.

The press official had no further detail and couldn't provide the value of a possible service provided by Petrobras.

Copyright (c) 2007 Dow Jones & Company, Inc.

For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit