Constellation Oil Services do Brasil signed new contracts with Petrobras for three of its platforms

Constellation Oil Services do Brasil said these new contracts reinforce its long-term relationship with Petrobras and ensure the operational continuity of the three drilling rigs. The contracts were awarded to platforms Amaraline Star , Gold Star e Lone Star , revealed Constellation in a recent update.

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According to Petróleo Hoje, the Gold Star and Lone Star contracts last for three years. The Amaralina Star is an ultra-deepwater DP drillship that began operations in September 2012. It is designed to drill in water depths of up to 10.000 feet and has a drilling capacity of up to 40.000 feet.

Both the Gold Star and Lone Star are ultra-deep water DP semi-submersible drilling rigs. Gold Star started 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.

Lone Star started 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

Previous contracts for the two semi-subs were awarded to Constellation in July 2019. The contracts, for two years each, were due to start in January 2020. Petrobras has contracted its three ultra-deep water semi-submersible drilling rigs Alpha Star, Gold Star and Lone Star. The contracts are for two years each. All three rigs entered service in the period 2010-2011.

While Constellation did not provide the financial details of the contracts, Norwegian rig brokerage Bassoe Offshore estimated the daily fee at around US$155.000 for each Petrobras contract.

Petrobras had the objective of using the rigs for offshore drilling activities in Brazil. Operations under each contract are expected to begin in January 2020. The news of the contracts for the trio of rigs came two weeks after Petrobras contracted Constellation's Laguna Star platform on a two-year contract.

Commenting on new contracts, Guilherme Lima, CEO of Constellation, said: “Securing these three contracts, along with the recently announced contract for 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 said that with Constellation's Brava Star and Olinda Star platforms also under contract, "a substantial majority of our fleet is currently under contract".