Start Brazilian offshore company closes agreement with shipyard and will bring 3 rigs to Brazil

Brazilian offshore company closes agreement with shipyard and will bring 3 rigs to Brazil

June 22, 2018 6:11 pm to 6:11 pm
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Brazilian offshore pretodim

With the objective of taking contracts in the shallow waters of the Campos Santos Basin, Petrodin Offshore promises to arrive with strength in the coming months

Brazilian Petrodin Offshore closed on May 22 a memorandum of understanding with the Shanghai Shipyard shipyard that provides for the purchase or leasing of three moored rigs. The company intends to dispute contracts in Brazil, West Africa and in the future in Argentina to make the operation viable. Each of the equipment – Tiger rigs 2, 3 and 4 – is valued at US$ 200 million and should be ready in 2019. The rigs are equipped with a battery bank that supplies energy demand at peak times of operations. The system allows them to work with a smaller number of motor generators, providing savings of 30% in diesel consumption and a proportional reduction in pollutant emissions. The operating cost is 1/3 lower than a similar one with only diesel motor generators.

The units are designed for shallow water projects, between 130 m and 400 m. Petrodin's executive director, Mats Rosengren, believes that this is a very promising market. The company is concluding a study, in which it was already able to identify that most of the probes aimed at these depths were built in the 1970s/1980s, many of them already in the cold stack process.

Newer probes aimed at this depth range are hybrid – they can work either anchored or with dynamic positioning. In general, they were built to work in the North Sea, where conditions are quite adverse, and can cost up to three times more.

The units can work at depths of up to 1,500 m, but in this case they compete with dynamic positioning probes. In the range between 130 m and 400 m, the company believes that there are few units available in the world.

In Brazil, the shipowner identifies opportunities in the North and Northeast regions and in shallow water projects in the Santos and Campos Basin six months a year. The focus is on projects awarded to oil companies in the last ten years and that still have drilling commitments in force. Other possibilities are works related to the abandonment of wells.

Abroad, the company is negotiating the charter of a unit with an undisclosed customer in Nigeria. In Argentina, the focus is on drilling projects in the coming years from areas that will be auctioned at the end of this year.

The ABS class rigs are equipped with five diesel engine generators, each with 2,580 kWe, a high pressure drilling mud system of 7,500 psi, BOP of 15,000 PSI and a variable load capacity of 12,000 t.

Rosengren says that although Brazil is focusing its exploration area expansion on deepwater projects, there is still plenty of room for exploration in shallow waters. He cites a figure in which 64% of the world's oil is in areas in this depth range.

Another bet is on the growing concern of operators with the reduction of emissions. The executive mentions Equinor, which has been emphasizing the theme in its projects. “The drilling area is still quite conservative, but in the face of these new demands, it is inevitable that shipowners consider innovations like this. We want to be in it,” he said. Source: Brasil Energia

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