Constellation Secures Million-Dollar Contract With Petrobras For Chartering The Drillship Amaralina Star For A Project That Will Involve The Drilling Of 27 New Oil Wells

The Drillship Amaralina Star Will Operate Dedicated to the Roncador Field Starting in Late 2022. The Oil and Gas Field Currently Produces 164 Thousand Boe/Day.

Constellation Has Earned a Multi-Million Dollar Charter Contract from Brazilian Oil Giant Petrobras for the Drillship Amaralina Star for a Two-Year Period, with the Possibility of Extension for Another 365 Days.

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Constellation Achieved the Best Daily Rate in Petrobras’ Bid for Hiring a Rig for the Asset. 

The Bid Was Launched at the End of March, but the Exact Contract Value Remains Confidential; the Daily Rate Stood Between US$ 200 Thousand/Day and US$ 300 Thousand/Day.

The Contract Aims to Execute a Campaign for the Thinning of the Roncador Well Grid, Targeting the New Development Project for the Asset. 

The Project Will Involve the Drilling of 27 New Wells.

The Charter of the Drillship Amaralina Star Will Support a Project Involving the Drilling of 27 New Oil Wells. The System Has Been Developed in Partnership with Equinor, a Strategic Partner of the Asset, with an Expected Start of Operations in Mid-2024.

The Amaralina Star is Chartered to Petrobras, Operating Under Exclusive Dedication in BM-S-11. The Current Contract Expires in April.

After the Conclusion of the BM-S-11 Contract, Constellation’s Unit Will Undergo Minor Adaptation Works to Meet the Requirements for Operation in Roncador.

With the Signing of the New Amaralina Star Contract and the Prospect of Concluding Two Other Deals with Petrobras, Aimed at the Semisubmersibles Lone Star and Gold Star, Constellation Secures the Early Contracting of All Equipment in Its Portfolio That Will Have Contracts Expiring in the First Half of 2022. 

The Only Rig with an Undefined Situation is the Alpha Star, Whose Contract with the State Company Ends in the Second Half of 2022. The Well Grid Thinning Project in Roncador Will Ensure Increased Production of the Asset. 

About the Roncador Oil Field

The Field Currently Produces 164 Thousand Boe/Day, Comprising 140.8 Thousand Barrels/Day of Oil and 3.7 Million m³/Day of Gas.

Discovered in 1996 and Put Into Operation in 1999, the Roncador Field Is One of the Main Fields in the Campos Basin. The Asset Has Four Production Platforms (P-52, P-54, P-55, and P-62), Which Operate Connected to About 50 Producing Wells.

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