Petrobras agrees revised contract for semisub Sevan Driller

The boards of directors of Petrobras and Sevan have approved a revised charter contract for the semisubmersible Sevan Driller.

Offshore staff

OSLO-- The boards of directors of Petrobras and Sevan have approved a revised charter contract for the semisubmersible Sevan Driller. The contract has been reassigned from Petrobras Americas Inc. to Petrobras SA for operations offshore Brazil instead of US Gulf of Mexico as initially agreed.

The vessel, which will arrive on location in Brazil during the fourth quarter, will drill exploratory wells in the Santos basin pre-salt cluster at an initial water depth of 2,400 m (7,874 ft). The contract term of six years remains, the company reports.

The Sevan Driller is currently in the final stages of construction at the Cosco Shipyard in China.

06/11/2009

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