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Constellation Oil Services Brazil Signed New Contracts With Petrobras for Three of Its Platforms
Constellation Oil Services Brazil said that these new contracts strengthen its long-term relationship with Petrobras and ensure the operational continuity of the three drilling rigs. The contracts were awarded to the platforms Amaralina Star , Gold Star and Lone Star , Constellation revealed in a recent update.
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According to Petróleo Hoje, the contracts for Gold Star and Lone Star have a duration of three years. The Amaralina Star is a DP drillship in ultra-deep waters, which began operations in September 2012. It was designed to drill in water depths of up to 10,000 feet and has a drilling capacity of up to 40,000 feet.
Both Gold Star and Lone Star are DP semi-submersible drilling platforms in ultra-deep waters. Gold Star began its operations in February 2010. The rig is capable of drilling in water depths of up to 9,000 feet and has a drilling capacity of up to 30,000 feet.
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Lone Star began its operations in April 2011 and is capable of drilling in water depths of up to 7,900 feet and has a drilling capacity of up to 30,000 feet. All three rigs are also equipped to operate in Brazil’s pre-salt.
Previous Contracts Between Petrobras and Constellation
The previous contracts for the two semi-subs were awarded to Constellation in July 2019. The contracts, for two years each, were scheduled to start in January 2020. Petrobras contracted its three semi-submersible drilling platforms in ultra-deep waters Alpha Star, Gold Star, and Lone Star. The contracts are for two years each. All three rigs went into service between 2010 and 2011.
Although Constellation did not provide the financial details of the contracts, the Norwegian platform brokerage Bassoe Offshore estimated the daily rate at around US$ 155,000 for each Petrobras contract.
Petrobras aimed to use the rigs for offshore drilling activities in Brazil. Operations under each contract were expected to start in January 2020. The news of the contracts for the trio of rigs came two weeks after Petrobras contracted Constellation’s Laguna Star platform under a two-year contract.
Commenting on the new contracts, Guilherme Lima, CEO of Constellation, said: “Securing these three contracts, along with the recently announced contract for the Laguna Star, is a remarkable achievement for the company. Petrobras is an important player in the Brazilian market, and this reinforces the long-standing partnership that our companies have built over the years.”
He stated that, with Constellation’s Brava Star and Olinda Star platforms also under contract, “a substantial majority of our fleet is currently under contract.”
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