Petrobras, Ensco iron out differences

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Offshore driller Ensco has said it has resolved its issues with Petrobras and is now back on track to potentially secure more work with the Brazilian oil giant.

“Petrobras and Ensco announce today that they have agreed to a settlement of all claims relating to the ENSCO DS-5 drilling services agreement,” Ensco said.

Petrobras in January 2016 cancelled a drilling contract with Ensco for the drillship DS-5 over corruption charges.

The drillship had been hired by Petrobras from Pride International, a company that Ensco took over in 2011.

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