Sete Brasil Participações S.A. has signed a letter of intent with Keppel Offshore & Marine Ltd. to design and build five semisubmersible drilling rigs for $4.12 billion.

Petróleo Brasileiro S.A. ( Petrobras) has completed drilling the successful extension well 3-BRSA-1032-RJS (3-RJS-697) in the Iara area of the presalt Santos basin offshore Brazil.

SBM Offshore has contracted for a 20-year charter and operation of the FPSO Cidade de Ilhabela.

Petróleo Brasileiro S.A. has a third presalt oil find in block BM-S-8 of deepwater Santos basin.

BG Group (BRGYY.PK:OCQX) has started a new well test program off Brazil in the BM-S-11 presalt Santos basin concession.

Petróleo Brasileiro S.A. (Petrobras) has another presalt discovery in the Campos basin.

Petrobras has contracted Technip to supply risers and flowlines for the deepwater Guara and Lula Nordeste presalt field developments in the Santos basin.

Petróleo Brasileiro S.A. (NYSE: PBR) has sent a Declaration of Commerciality for Tiro and Sidon fields in southern Santos basin offshore Brazil to the National Petroleum, Natural Gas, and Biofuels Agency.

OYO Geospace has contracted to supply $14.9 million in deepwater seabed seismic reservoir monitoring for the BC-10 field offshore Brazil.