The Delivery of Bids for Chartering Drilling Rigs Is Expected to Start in February 2021, and Petrobras Requires at Least 70% Local Content for Service Provision
After the state-owned company qualified four companies for the second phase of the bidding process for rigs for the Mero field, Petrobras opened a new bidding process yesterday (08/11) for the acquisition of up to two drilling rigs in a three-year charter contract, which may bring benefits with local content attributes in service provision and even stimulate the country’s shipbuilding industry.
Also Read
- Shipbuilding: Understand How the Sections of the PROSUB Submarines Are Developed by Itaguaí Construções Navais (ICN)
- Federal Government Announces Increase of Up to 40% in the Fleet of Ships for Brazilian Cabotage, and the Shipbuilding Industry Envisions a Bill That May Favor Ports, Generating Jobs and Less Dependence on Road Transportation by Trucks
- Petrobras Is Shrinking in Number of Assets, but the Oil and Gas Industry May Be the Salvation Post-Pandemic, Generating Jobs
In addition to the chartering of drilling rigs, which must be specific for operation in water depths of up to 2,400 meters, the provision of operational services at offshore Brazilian units is also foreseen, reflecting on local content.
The delivery of bids is expected to start on February 27, 2021, and it is estimated that the opening of envelopes will take place on March 19 of the same year, according to the information contained in the notice available on the Petronect website, an initiative created by Petrobras to provide electronic commerce services related to the acquisition of goods and services.
-
Oil sees sharp drop after rumors of a deal between the United States and Iran raise hopes for an end to the war in the Middle East.
-
Brazil’s oil production soars and hits an all-time high for the second consecutive month, driven by the pre-salt and the advancement of energy sector giants.
-
Oil price falls even with Trump’s threats to Iran and rising geopolitical tensions in the Middle East impacting global market expectations.
-
China discovers more than 200 new oil and gas fields in the last five years
Petrobras Requires at Least 70% Local Content for the Service Provision Contract in the Drilling Rigs Dispute
As far as is known, there is no requirement for local content for the chartering contract of the drilling rigs themselves; however, Petrobras estimates that at least 70% of local content will be allocated for the service provision contract, establishing a minimum commitment of 25% in the combination of agreements.
The forecast for the start of services with the drilling rigs is for the fourth quarter of 2021. The units will be used by Petrobras in blocks under Concession Contracts, Onerous Assignment, or Production Sharing Contracts, and the bidding process will be contested privately.
Shipbuilding: FPSO Chartered by Petrobras Being Built for Operations in the Búzios Field Will Feature Financing from a Japanese Bank
The Japan Bank for International Cooperation (JBIC) has signed an agreement to provide project financing for a floating production, storage, and offloading (FPSO) vessel jointly owned by domestic companies MODEC, Mitsui & Co, Mitsui O.S.K. Lines (MOL), and Marubeni Corporation, which will be chartered to Petrobras for operations in the Búzios field under a 21-year contract. Read more here.

Be the first to react!