Over A Thousand Petrobras Contracts: Drilling Rigs, Aircraft, Floatels, and Support Vessels

Written by Paulo Nogueira

Published on 25/07/2020 at 21:12

Imagem para fins ilustrativos apenas, não representam unidades ou projetos da Petrobras

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Financial Analysis of Petrobras’ Charter Contracts and Cost Adjustments Focused on Pre-Salt

In April this year, Petrobras reported that it would renegotiate some contracts in order to adjust the budget due to the pandemic, focusing on FPSOs, PLSVs, drillships, floatels, and support vessels.

Here’s why: by mid-May, the more than 1000 charter contracts totaled about US$ 110 billion, plus R$ 33 billion, € 731 million, and Kr 297 million (Norwegian crowns); and although most are support vessels, the largest share of the portfolio comes from platforms: they account for about US$ 63 billion. The most expensive of them is the FPSO Campos dos Goytacazes, at around US$ 5 billion.

Below, More Financial Data on the Petrobras Contract Scenario

Drillships: 47 contracts – US$ 30.5 billion + R$ 14 billion + € 715 million;
Support Vessels: 709 contracts – US$ 14 billion + R$ 17 billion + € 17 million + Kr 297 million, of which US$ 5 billion + R$ 2 billion are contracts with PLSVs and US$ 718 million with the gas carrier Golar Winter;
Floatels (UMSs): 4 contracts – US$ 381 million;
Aircraft – 214 contracts – US$ 742 million + R$ 2.1 billion.

Despite the pandemic, everything seems to be going well in upstream, thanks to the resilience of charterers and a focus on pre-salt activities.

ARTICLE CONTINUES BELOW

Petrobras Sells Old Platforms and Earns Over 140 Million Dollars

Petrobras sold yesterday, July 24, at auction three decommissioned oil platforms to the same buyer for a total value of $1.45 million: P-15, P-12, and P-7. More technical details about this transaction can be found here.

Over A Thousand Petrobras Contracts: Drilling Rigs, Aircraft, Floatels, and Support Vessels

Financial Analysis of Petrobras’ Charter Contracts and Cost Adjustments Focused on Pre-Salt

Below, More Financial Data on the Petrobras Contract Scenario

Petrobras Sells Old Platforms and Earns Over 140 Million Dollars

The Soviet Union spent 22 years drilling into the Earth’s crust and reached a depth of 12,262 meters — they found water where it was thought impossible, hydrogen bubbling from the rock, granite that is 2.7 billion years old, and temperatures of 180 degrees that melted the drill bits.

Egypt wants to draw 10 million cubic meters of water from the Nile per day into the desert, irrigate a new agricultural frontier, and build a city where there is currently only sand.

Norway is drilling 27 kilometers of rock 392 meters below the bottom of a fjord to build the world’s largest and deepest underwater road tunnel — when completed, a 21-hour journey will be reduced to 10.

A German architect built a cylindrical house in 1994 that rotates to follow the sun throughout the day, generates 5 times more energy than it consumes, and was the world’s first energy-positive house.

An astronaut spent 340 days in space while his twin brother stayed on Earth, and NASA found a “rejuvenating” effect, genes, microbiome, cognition, and immune system that revealed the biological cost of living outside the planet.

Xiaomi launches new smart stove with titanium sensor and automatic shutdown that detects an open flame without supervision.

INMET issues an alert for the Northeast with rainfall up to 75 mm above average in April, increasing concern about disruptions on the north coast and keeping Maranhão, Piauí, and Ceará on alert until the end of the month and the turn into May.

The body suffers in space, the risk is enormous, and the salary is surprising: the salary of Artemis II astronauts is lower than many people imagine.

While Brazil discusses the end of the 6×1 shift and the reduction of work hours, Milei’s Argentina moves in the opposite direction, paving the way for a workday of up to 12 hours per day in a reform that reignites strikes and labor tension in the country.

A comet that could shine brighter than the brightest star in the night sky makes its closest approach to Earth this Sunday, and the best window to see it in Brazil is in early May.

Google puts $15 billion on the table to build a 5 GW mega data center in India, surpassing the country’s entire current capacity and keeping pace with a 50% growth in global AI demand.

Over A Thousand Petrobras Contracts: Drilling Rigs, Aircraft, Floatels, and Support Vessels

Financial Analysis of Petrobras’ Charter Contracts and Cost Adjustments Focused on Pre-Salt

Below, More Financial Data on the Petrobras Contract Scenario

Petrobras Sells Old Platforms and Earns Over 140 Million Dollars

The Soviet Union spent 22 years drilling into the Earth’s crust and reached a depth of 12,262 meters — they found water where it was thought impossible, hydrogen bubbling from the rock, granite that is 2.7 billion years old, and temperatures of 180 degrees that melted the drill bits.

Egypt wants to draw 10 million cubic meters of water from the Nile per day into the desert, irrigate a new agricultural frontier, and build a city where there is currently only sand.

Norway is drilling 27 kilometers of rock 392 meters below the bottom of a fjord to build the world’s largest and deepest underwater road tunnel — when completed, a 21-hour journey will be reduced to 10.

A German architect built a cylindrical house in 1994 that rotates to follow the sun throughout the day, generates 5 times more energy than it consumes, and was the world’s first energy-positive house.

An astronaut spent 340 days in space while his twin brother stayed on Earth, and NASA found a “rejuvenating” effect, genes, microbiome, cognition, and immune system that revealed the biological cost of living outside the planet.

Xiaomi launches new smart stove with titanium sensor and automatic shutdown that detects an open flame without supervision.

The electricity bill in the Northeast will increase by almost 10% starting this week — five states already have a scheduled date for the adjustment, and the director of ANEEL admits that the increase is double the inflation.

A Chinese company has just delivered its 10,000th humanoid robot — and now wants to place 100,000 in factories worldwide by the end of the year, while Tesla, Boston Dynamics, and the rest of the West have yet to move beyond prototypes.

Brazil has never generated so much clean energy — and has never charged so much for it: while solar and wind farms break records, the electricity bill rises by up to 23% and R$ 52 billion in charges are paid by 35 million families who don’t understand why electricity has become so expensive.

Japan announces release of more than 36 million barrels of oil in May

Oil falls amid expectations of US-Iran negotiations and Middle East truce

INMET issues an alert for the Northeast with rainfall up to 75 mm above average in April, increasing concern about disruptions on the north coast and keeping Maranhão, Piauí, and Ceará on alert until the end of the month and the turn into May.

The body suffers in space, the risk is enormous, and the salary is surprising: the salary of Artemis II astronauts is lower than many people imagine.

While Brazil discusses the end of the 6×1 shift and the reduction of work hours, Milei’s Argentina moves in the opposite direction, paving the way for a workday of up to 12 hours per day in a reform that reignites strikes and labor tension in the country.

A comet that could shine brighter than the brightest star in the night sky makes its closest approach to Earth this Sunday, and the best window to see it in Brazil is in early May.

Google puts $15 billion on the table to build a 5 GW mega data center in India, surpassing the country’s entire current capacity and keeping pace with a 50% growth in global AI demand.