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Brazilian oil firm approves six drilling rigs

17th July 2012

Petrobras gives green light for the construction of six new drilling rigs

Brazilian oil firm approves six drilling rigs
Petrobras plans to introduce 33 drilling rigs and invest USD 131.6bn in exploration and production in the next four years

Brazilian oil giant, Petrobras has given the go ahead for the construction of six new oil platforms, the firm said on Friday.

The floating and semisubmersible platforms will be used for well drilling in the pre-salt layer of the Santos Basin. They will operate in water depths of 3,000 m and drill wells of up to 10,000m, said Petrobras.

“Petrobras’ stake in the pre-salt area holds an estimated 7.6-8.7 billion barrels of oil and gas potencial, in addition to the right to explore 5 billion barrels of oil equivalent in the Cessão Onerosa area,” the company told OGT.

Brazil’s pre-salt area has an estimated 80 billion barrels of oil equivalent located deep below the ocean floor.

The rigs were commissioned to local firm Sete Brasil, which will carry out their development at the Brasfels shipyard in the state of Rio de Janeiro and deliver them by 2016. The equipment, boasting a 62 per cent share of Brazilian technology, is part of a new batch of 21 rigs announced in February and negotiated with Sete Brasil.

"Sete Brasil sees the deal as a very positive step towards furthering the construction of oil rigs in Brazil," the firm told OGT. "We plan to deliver an additional 15 oil rigs through various other shipyards, which will allow Petrobras to ink lease contracts with other companies".

The rigs will be charted to Petrobras for 15 years. Three will be operated by fellow oil firm Petroserv SA, two by Queiroz Galvão Oleo e Gás SA and another by Odebrecht Oleo e Gás SA.

Petrobras plans to introduce 33 drilling rigs and invest USD 131.6bn in exploration and production in the next four years, Petrobras boss Maria das Graças Silva Foster said on Friday during the inauguration of platform P-59.

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