Seven companies dispute “pool” drill rigs

11/02/19

Proposals for Petrobras’ bidding for chartering units to 2,000 m of water depth were opened this week

Newcomer COSL, the Chinese drilling company, in addition to Ocyan, Transocean-Ocean Rig, QGOG Constellation, Petroserv, Seadrill and Noble are bidding to charter one or more 2,000 m water depth rigs. The first envelopes of the tender – called “pool” – were opened on Monday (4/2), after successive delays authorized by the bidding committee.

The companies offered 11 rigs in the process. QGOG Constellation was the company that presented the largest number of units, offering the Lone Star drill rig and the semi-submersibles Gold Star and Alpha Star, followed by Noble with two rigs, and Petroserv, with the semi-Victoria and the drill rig Carolina.

Ocyan quoted the semi Norbe VI, while the Transocean-Ocean Rig the drill rig Deepwater Athena. COSL has already offered the semi-submersible Prospector, capable of operating in extreme weather conditions, and Seadrill, the West Tellus drill rig.

In the market, the bet is that the Brazilian companies have presented very competitive prices. Most take advantage by already having units in Brazil and being without contract, tending to propose lower daily rates.

Since the beginning of the week, Petrobras has been working on the analysis of the proposals. The qualification process is expected to extend for up to four weeks.

Petrobras does not reveal the number of rigs to be chartered in the bidding. Given the offer, the bet is that the bidding can generate the hiring of up to four units.

The start of the campaign is scheduled for September. The equipment can be used anywhere in the Brazilian coast.

The contracts have two options for charter, one with 365 firm days with possibility of renewal for the same period and another with 730 firm days. Petrobras has the option to terminate the agreement after 365 days, provided it communicates the decision three months in advance.

The tender notice was issued last year, before the entry into force of the State Law, which changed the way Petrobras contracts.

Source: Brazil Energy Magazine

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