Petrobras receives bids for dry dock project

Petrobras has received proposals from seven groups to build a dry dock for the construction and maintenance of platforms and ships used by Petrobras in offshore oil production.

Offshore staff

(Brazil)- Petrobras has received proposals from seven groups to build a dry dock for the construction and maintenance of platforms and ships used by Petrobras in offshore oil production.

The dry dock would be built and operated by private companies on Petrobras-owned real estate that will be leased to the winning bidder.

The seven companies interested in participating in the tender are Brazilian engineering firms Odebrecht, OAS, Camargo Correa, Queiroz Galvao and Andrade Gutierrez as well as shipbuilders Renave and Rio Grande.

The tender is being managed by consulting and investment company Rio Bravo.

The construction of the dry dock could cost $100-150 million, up from the $80 million initial estimates for the dry dock cost.

The contract should be signed by mid-June and construction should take two years.

01/26/2006

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