Brazilian Company Wins Contract to Build US$ 4.6 Billion in Rigs for Petrobras

A Petrobras rig Petrobras, Brazil’s state-controlled oil and gas multinational announced that local shipyard Estaleiro Atlântico Sul (EAS) has won the tender to build seven drilling rigs in Brazil. 

The contract is worth US$ 4.63 billion. The rigs will be used for the exploration and development of Petrobras pre-salt oil and gas fields that could make the country one of the world’s leading producers of hydrocarbons.

EAS is a consortium formed by South Korea’s Samsung Heavy Industries and local construction giants Queiroz Galvão and Camargo Corrêa. According to the company website, AES was formed in 2005, the shipyard was completed in 2009, and the company specializes in naval and offshore construction.

The first rig is scheduled to enter operations in 2015, Petrobras said in a statement. All seven drilling rigs have signed leases, and the day-rates range from US$ 430,000 to US$ 475,000.

Companies that also presented bids included Brazilian consortium Alusa Galvão and overseas giants such as Singapore’s Sembcorp Marineand Keppel Corp.

Petrobras plans to commission a total of up to 28 new drilling rigs to be built in Brazil to explore oil reserves in deep waters. According to initial plans, the rigs were expected to be delivered between 2013 and 2018.

These rigs are going to be owned and managed by a new holding company, Sete Brasil S.A., which will be held 90% by national bank Caixa Econômica Federal and 10% by Petrobras.

According to a 2009 report from Oil & Gas Journal, the first seven drilling rigs will be able to drill in waters up to 3.000 meters deep.

Ultra-deepwater drilling rigs are in high demand due to Petrobras contracting a large majority of the units for exploration and development offshore Brazil. Other ongoing deepwater activities include West Africa and in the mid term the Gulf of Mexico, estimates the oil industry publication.

Mercopress

Tags:

You May Also Like

Lula Doubtful Brazil Will Reach Millennium Goals by 2015

“This is quite a challenge and it means we have a lot of work ...

After 20 Years of Hardship Brazil Naval Industry Ready for Big Leagues Again

Brazil’s naval industry, which boasted the second place worldwide in the 1970s, lived two ...

Lula Relaxes Environmental Laws to Get Brazil Out of Low Gear

Brazilian President Luiz Inácio Lula da Silva plans to hire more people and modify ...

Brazil Takes the Lead on Wind Energy in Latin America

The largest wind energy park in Brazil and one of the greatest in the ...

Carnaval Brasileiro in Boston

Carnaval in Boston Is Not Only for Homesick Brazilians Anymore

Brazil’s Carnaval drums are about to conquer Boston! Samba, frevo, marchinha, batucada, bloco-afro and ...

Brazilian Air Controllers Can’t Leave Their Tower Before Sunday

Ulisses Fontenele, the former president of Brazil’s Flight Controllers Association charged today, November 2, ...

They Wanted to Smear, But Brazil’s Ruling Party Fell for a Swindle

According to daily O Estado de S. Paulo, the ruling Workers Party (PT)  summoned at ...

Bazilian NGOs Urge Lula to Up State Presence in the Amazon

Various non-governmental organizations (NGOs) addressed a letter yesterday to President Luiz Inácio Lula da ...

Brazilian Black Female Workers Make Half As Much As White Women

Black and mulatto women in Brazil receive, on the average, around half of what ...

Brazil to Provide 70% of a US$ 100 Million Mercosur Fund

The general undersecretary for South America in Brazil’s Ministry of Foreign Relations, José Eduardo ...