Petrobras leases 20 drilling rigs to become operational in next two years

Wednesday, November 10th 2010 - 04:44 UTC

Full article 4 comments

Brazil’s government managed oil and gas corporation Petrobras announced it leased 20 foreign drilling rigs that will start operating in the next two years as it seeks to boost its capacity to explore for and produce oil. Read full article

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Think
Highly competitive Oil Rig market situation for RKH, DES, FOGL, B&S and ARG to be in......:-)
Nov 10th, 2010 - 05:39 am - Link - Report abuse 0
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Forgetit87
“Environmental permits have complicated the contracts to build rigs locally, he said.”

And once again tree-huggers are a hurdle to growth.
Nov 10th, 2010 - 07:14 am - Link - Report abuse 0
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Billy Hayes
ohhhh; so the rumor last night I heard near san martin square ir true.

the OG is so near brazil coast, is a temptation; let the money speaks.
Nov 10th, 2010 - 09:53 am - Link - Report abuse 0
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Think
Woow ….

The Oil Rig Market is tighter than I ever envisaged…....

In October 2010. from 168 existing semi submersible rigs; 152 where being utilized….

And now, in November, those Brazilians go downtown and lease 20….

Just like that!

http://www.rigzone.com/data/
Nov 10th, 2010 - 08:12 pm - Link - Report abuse 0
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