PetroRio Acquires Semi-Submersible Platform from Ventura Petróleo to Operate in Tubarão Martelo Field

Written by Roberta Souza

Published on 22/12/2020 at 17:02

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From The Oil And Gas Sector, PetroRio Closed A Contract With Ventura For The Acquisition Of The Semi-Submersible Platform Atlantic Zephyr

PetroRio, a Brazilian company focused on oil and gas production, purchased from Ventura Petroleum a semi-submersible platform, the Atlantic Zephyr. The platform, built in 1973, is suitable for interventions and completions in wells up to 300 meters deep. The acquisition aims to reduce operational costs and increase the efficiency of the Tubarão Martelo Field.

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The Brazilian company stated that “This strategy aims to replicate the successful model applied to the Polvo Field, which, due to having a drilling rig installed on the platform, has achieved records of efficiency and investment payback.”

According to the document, the platform is expected to increase operating and maintenance costs by approximately US$ 3 million per year and will eliminate the need to hire third-party rigs for on-site intervention.

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PetroRio Signs With Prisma Capital For Financing

PetroRio also signed an agreement with Prisma Capital to convert a US$ 100 million bridge loan into a long-term financing contract, extending the debt amortization date.

The financing aims to make part of the funds available for the acquisition of the FPSO OSX-3 oil fields and the Tubarão Martelo Field, with an extension of this deadline anticipated, awaiting the adequacy of the guarantee and maintaining the same interest rate.

The long-term financing contract maintains the principal and will pay US$ 25 million in four equal installments in July 2021, January 2022, July 2022, and January 2023.

PetroRio Acquires Semi-Submersible Platform from Ventura Petróleo to Operate in Tubarão Martelo Field

From The Oil And Gas Sector, PetroRio Closed A Contract With Ventura For The Acquisition Of The Semi-Submersible Platform Atlantic Zephyr

Check Out Other News Of The Day:

PetroRio Signs With Prisma Capital For Financing

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PetroRio Acquires Semi-Submersible Platform from Ventura Petróleo to Operate in Tubarão Martelo Field

From The Oil And Gas Sector, PetroRio Closed A Contract With Ventura For The Acquisition Of The Semi-Submersible Platform Atlantic Zephyr

Check Out Other News Of The Day:

PetroRio Signs With Prisma Capital For Financing

A giant printer called the “Ferrari” of concrete has landed in Latin America and can already build a 120-square-meter house in just 48 hours, making the traditional construction site look like something from the last century.

Great Atlantic Sargassum Belt has ceased to be a climatic phenomenon and has become a biological system that feeds on itself, with 8,000 kilometers in length, 37 million tons of algae, and scientists confirm that it is now permanent.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

Brazil will harvest a record crop of up to 357 million tons of grains, but it does not have the capacity to store a large part of it. The storage deficit has reached the highest level in history and is equivalent to almost the entire production of Argentina.

Engineers had to pour concrete mixed with tons of ice throughout entire nights in the Dubai desert to erect the Burj Khalifa; any carelessness could clog the pipes half a mile high.

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