Petrobras approves 26 offshore drilling rig contracts

Petróleo Brasileiro S.A. (Petrobras) has approved contracting of 21 offline rigs with Sete Brasil and five dual-activity rigs with Ocean Rig.

Offshore staff

RIO DE JANEIRO–Petróleo Brasileiro S.A. (Petrobras) has approved contracting of 21 offline rigs with Sete Brasil and five dual-activity rigs with Ocean Rig.

All the rigs, which have local content of 55% to 65%, are due for delivery in 48 to 90 months. The project also includes construction of new shipyards as well as use of existing infrastructure.

The agreement with Sete carries an average daily rate of $530,000. The Ocean Rig contract averages $548,000/day. The offers are for charter and operation.

2/10/2012

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