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The Contract Between Petrobras and Seadrill to Operate in the Búzios Field Will Have a Daily Rate of US$ 207,252,214.99 After the Bidding Committee Classifies the Proposal of China Union.
Seadrill has signed another charter contract for a rig in the Búzios Field, located in the Santos Basin. The rig this time is the West Jupiter. The unit was declared the winner of Lot 2 of the oil company’s bidding, with a daily rate of US$ 207,252,214.99, after the bidding committee classified the proposal of China Union, a group that initially presented the best offer. The result was announced to the participants on Friday (10/8). Companies have five days to file an appeal. Also read this news: Petrobras Receives Payment of US$ 2.9 Billion from the Participation Agreement in the Búzios Field in the Pre-Salt of the Santos Basin
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The Contract Between the Companies for the Rig That Will Operate in the Búzios Field in the Santos Basin.
The approval of the deal between Petrobras and Seadrill still depends on the outcome of the appeals phase. The confirmation of the contract will mark the first contract for the West Jupiter in Brazil. Seadrill’s price does not include mobilization fees. China Union offered the Dalian Developer rig, with a daily rate of US$ 185,206,970.61.
According to the notice, the contracted rig must be available for operation in December 2022. The West Jupiter is currently in Tenerife. The charter contract between Petrobras and the Seadrill rig will be for 1,040 days, with the option of early termination starting from 760 days of operation.
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Petrobras Plans to Close More Contracts with Seadrill.
Petrobras may contract other units in Lot 2. The bidding committee is maintaining negotiations with other companies. Proposals were also submitted by Ventura, Constellation, Valaris, Ocyan, and Tansocean. Before the result of Lot 2, Seadrill had already secured the charter of the drill ships West Tellus and West Carina at the beginning of October, offered in Package 1 of the bidding, with daily rates of US$ 161,655,841.51 and US$ 169,340,117.10, respectively.
With both processes, the drilling company will keep three rigs operating exclusively on the Búzios project, all engaged in production development campaigns. Petrobras’ bidding was aimed at units capable of operating in 2,400 m of water depth. The rigs from Lot 1 must be available for operation in September 2022, with contracts having a charter period of 1,095 days, which may be terminated early starting from 580 days.
Also Check This News: Santos Basin – Petrobras’ P-76 Platform Becomes the Second to Export Gas from the Búzios Field to the Continent.
In a statement released to the market on Wednesday (07/07), Petrobras announced that the P-76 became, in June, the second platform in the Búzios field, in the pre-salt of the Santos Basin, to export gas to the continent. The operation was made possible after the platform was connected to the gas pipeline known as Route 2, which transports production to the Cabiúnas Terminal.
The possibility for Petrobras to export gas from the Búzios field in the Santos Basin contributes to the utilization of the fields’ potential, bringing flexibility for better reservoir management and increasing value generation. Currently, the gas produced in the Santos Basin is transported through Routes 1 and 2, which, combined, have a flow capacity of 26 to 30 million m³ per day. Route 3, from Petrobras, still in the implementation phase, will allow the flow of more than 18 million m³/day of gas to the processing units onshore.
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