Signing Of Contracts For The Construction Of Six Drilling Rigs

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SOURCE Petrobras | 16 July 2012

Petrobras approved the signing of contracts with Sete Brasil for the construction of six offshore drilling rigs in Brazil at the Brasfels Shipyard in Angra dos Reis (state of Rio de Janeiro), with local content ranging from 55% to 65%.

These semi-submersible drilling rigs are part of a 21-rig package negotiated with Seven Brazil, as announced on February 9, 2012, and delivery is scheduled to commence in 2016. The rigs will be used to drill wells in the Santos Basin Pre-Salt cluster, and will be capable of operating at a water depth of 3,000 meters, drilling wells up to 10,000 meters in length.

After the rigs have been completed, they will be chartered to Petrobras for a 15-year period. Three rigs will be operated by Petroserv SA, two by Queiroz Galvão Óleo e Gás S.A., and the remaining rig by Odebrecht Óleo & Gás SA.

Petrobras undertook a prior critical analysis at the yard to confirm its potential capability to meet the contractual commitments to build the six platforms with the required local content and within the required timeframe. Facility suitability, evidence of commitments with suppliers of inputs and of key equipment packages for the rigs, environmental licensing, HSE management (Health, Safety and Environment), contract management, as well as the legal and financial aspects, were all subjected to verification.