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Petrobras secures nine new oil rigs

13th August 2012

Petrobras has inked deals for the operation of nine new oil rigs for pre-salt exploration

Petrobras secures nine new oil rigs
Petrobras plans to invest USD 131.6bn in exploration and production in the next four years, as part of its staggering USD 236.5bn 2012-2016 Business Plan, the world’s largest corporate spending program to date

Petrobras has hashed deals with oil and gas service companies for the construction and operation of nine new oil rigs designed for use in the resource-rich pre-salt basin, the Brazilian oil giant said in a statement on Friday.

The floating and semisubmersible platforms will be delivered by 2016 and be charted to Petrobras for a period of 15 years. They will be used for well drilling in the pre-salt layer of the Santos Basin.

The rigs  will operate in water depths of 3,000 m and drill wells of up to 10,000m, said Petrobras. Local content is between 55-65 per cent.

Brazil’s pre-salt area has an estimated 80 billion barrels of oil equivalent located deep below the ocean floor.
Petrobras plans to invest USD 131.6bn in exploration and production in the next four years, as part of a USD 236.5bn 2012-2016 Business Plan, the world’s largest corporate spending program to date.

Six rigs will be built in the Enseada Paraguaçu Yard, in Maragogipe, state of Bahia, four of which will be operated by Odebrecth, the other two by Etesco. The remaining three drilling platforms will be entirely operated by Etesco.

Petrobras also concluded negotiations for all 21 rigs commissioned from oil and gas service company Sete Brasil and announced in February.

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