Six replicant floating production, storage and offloading hulls being built for Petrobras-operated pre-salt fields off Brazil could face new delays as the owners of Estaleiro Rio Grande (ERG) shipyard face financial restructuring.
However, a white knight investor — almost certainly China’s Offshore Engineering Corporation (COOEC) — is on the horizon.
Sources told Upstream that at least two groups have been in talks about taking over the yard and one of these, COOEC, is said to be at the due diligence stage and very close to a deal.
ERG’s
