OSX offers Sete Brazil drillship option

OSX is offering Sete Brasil an option for the construction of up to four ultra-deepwater drillships at its new shipyard project in the Port of Acu industrial complex in Rio de Janeiro state, writes Fabio Palmigiani.

Sete Brasil, the independent holding entity created by Petrobras, has so far signed contracts to supply 28 drilling rigs that are to be used by the state-controlled oil company in the Santos basin pre-salt province.

In addition to the 28 units with Petrobras mandates, Sete Brasil has already ordered two more Brazilian-built rigs on a merchant basis, one with BrasFels and the other with Jurong Shipyard. It is in advanced talks with OSX to secure more rigs.

“We are in negotiations to sign a contract for the construction of two drillships with Sete Brasil, but we are offering them the possibility to include two additional rigs in the package,” said OSX financial director Roberto Monteiro.

The company remains confident it will be awarded a contract for the construction of at least two Gusto 10000-designed drillships.

According to OSX chief executive Luiz Eduardo Carneiro, the two drillships could be worth about $1.6 billion. “Negotiations are still on,” Carneiro added.

He explained that at full capacity in late 2014, the OSX shipyard will have the capability to build up to seven drilling rigs within the same roughly eight-year timetable asked by Petrobras of the Estaleiro Atlantico Sul (EAS) shipyard, in northern Brazil.

Sete Brasil: Pages 46 to 49

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