Brazilian rig-charterer Sete Brasil is staging a last-ditch push for survival, with time running out for putting a restructuring plan into effect.
Sete Brasil’s management team has been staging an international roadshow intended to attract three established drilling companies to operate 15 rigs currently being built in Brazil and the Far East, taking an equity stake in each.
Upstream understands that the Sete Brasil delegation has been received at the headquarters of several companies, including Transocean, Diamond Offshore, Rowan, Maersk and Seadrill.
The
