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Drills with Extremely Low Values Are Now Practically Scrap.
On the 17th, Petrobras decided to sell the P-59 and P-60 drills with a starting bid of US$ 40 million (for both), considering they cost the state-owned company a whopping US$ 720 million in 2010, not a small amount, right? These drilling rigs are part of Petrobras’s strategic divestment plan, and according to them, by May, 7 units will be auctioned off (handed over on a platter) as part of the sales package.
The 2 drills mentioned in the first paragraph were assembled at the time in partnership with the companies Odebrecht, UTC, and Queiroz Galvão (did someone mention the Lava Jato?) at Petrobras’s own construction complex in Bahia.
With promises that the construction of the P-59 and P-60 units would be an important step in reclaiming the Brazilian naval sector, this milestone was celebrated by large companies and high-ranking government officials. See the photo of Dilma and the other big shots at the event:
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She gave a speech at the launch ceremony in 2012, exclaiming that the partnerships made at the time would boost the economy of the Brazilian naval sector, especially in shipyards, create jobs, and improve Brazil’s ranking in this category, as the sector had been practically extinct since 1980.
Now imagine, each drill cost US$ 360 million and the minimum bid is US$ 20 million, 360-20 = 340. This math literally made José Maria Rangel, who coordinates the FUP (Unique Federation of Oil Workers), go crazy, emphasizing that this price is far too low and now is not the time to part with anything.
According to Petrobras, these values are merely virtual with the aim of igniting the auction and that the drills will only be sold if they reach a consensual minimum value. But guess what! They don’t want to reveal what that value is.
In 2013, the drills were handed over to Petrobras, and unlike drillships, which can operate in water depths of 1000 meters and above, the P-59 and P-60 can only reach a maximum depth of 106 meters.
The drills that are up for sale are the P-3, P-10, P-16, P-23, P-59, and P-60. All of these only operate in shallow waters. Some of them have been in shipyards for quite some time waiting for service.
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