Oct 16, 2019

Petrobras launched, on Monday (14/10), a notice for the chartering of one or more rigs capable of operating between 2,400 m and 3,000 m water depths. Proposals are due to be delivered by November 11, and start-up is from January to March 2020.

The announcement brings news about previous bids from Petrobras, with a hiring model similar to that used by large foreign companies, such as ExxonMobil and Shell. For the first time, the oil company requests an “as is” rig, a common specification in international bids, which allows the proponent to offer the equipment as-is, without specific adaptations.

The tender is divided into two stages. In phase 1, scheduled for November 11, interested companies should submit a commercial proposal “as is”. In phase 2, Petrobras will only call the companies that present the best offers, considering technical and commercial indicators, to then start direct negotiations.

The changes were well received in the market. Many drilling companies called for the “as is” model to reduce the number of requirements and redundancies normally required by the oil company and to standardize specifications with the international market.

The technical specification of the announcement is directed to 2.4 thousand meters of water depth rigs, and Petrobras reiterates in the text the following observation: “desirable 3,048 m”. Semi-submersible rigs with MPD (Managed Pressure Drilling) may be offered.

The announcement does not require the payment of the mobilization fee, which makes companies with available rigs in Brazil have a great competitive advantage. Companies will be able to opt for two charter terms, 365 days and 810 days – both with only six months of firm deadline.

Other bids

In parallel, Petrobras is conducting direct negotiations for chartering Seadrill’s West Tellus  and Constellation’s Amaralina Star drillships. At an advanced stage, the bids are directed to projects operated by the oil company in consortium with foreign companies.

Amaralina Star is for BM-S-11 – an asset that, starting in November, will include Constellation’s Laguna Star. West Tellus is to be allocated in Uirapuru,  4th round of sharing asset operated by Petrobras, in partnership with ExxonMobil, Galp and Statoil.

Source: Brasil Energia Magazine

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