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Page added on November 18, 2008

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Petrobras postpones 28 rig tenders

Brazilian state oil company Petrobras has postponed construction tenders for 28 deep-sea drilling rigs to the coming year.


The rigs were to be tendered exclusively to Brazilian construction companies this year.


“These are no longer the conditions to issue the tender this year,” said Jose Jorge de Moraes Jr, general manager for new business at the company’s exploration and production department.


However, Moraes sees an upside to the current global economic crisis, in that it may lead to lower prices for rigs in the short term, said a Dow Jones Newswires report.


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