Petrobras' new auction model is not agile and the delivery of proposals for three anchored drilling rigs is postponed again

The first bidding under the new reverse auction model, fully electronic through Petrobras' business portal (Petrocnet), is taking longer than planned.
There were two reasons for this: firstly, because suppliers did not welcome the idea of ​​holding tenders of this size through Petrocnet, and secondly, because of their lack of habit of dealing with such a pioneering system.

Even with Petrobras lowering the level of requirements and extending the deadline for submitting proposals, the first reverse auction for the charter of three anchored drilling units (launched at the beginning of the year) This deadline has already been postponed twice.
The first deadline was February, but it was postponed to the beginning of April and then postponed to the end of last week, with one date for each batch.

Lot 1, of 750 meter water depth rigs, had the deadline for submitting proposals postponed to 15/04 and lot 2, of 400 m water depth rig, was rescheduled for 27/ 05.
As soon as the proposals are delivered, on the next day more precisely, the auctions will take place, which surprised the market, as the announcement stated that there would be a week between one auction and another.

How the reverse auction works

The bidding of the three anchored rigs is not only the first under the reverse auction model, it is also the first under the rules of the state law (13.303/16).
In the Reverse Auction, companies present proposals and then immediately have access to the competitors' prices, but without knowing their names and each company can reduce its price, if the price difference between the first and second place is less than 10%, the bidding committee may subsequently reopen a new auction to all participants.

The contract term for the three rigs is three years and may be renewed for another two years, and the drilling rigs must be ready for operation within 270 days after signing the contract.

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