Press Esc to close

WorldOil

World Oil News Center



Petrobras cancels five leased drilling rigs from Ocean Rig

SAO PAULO -- Petrobras said it has canceled plans to hire five drilling rigs from  Ocean Rig.

Petrobras said it won' t need as many rigs as it had initially expected, because it won' t have to drill as many wells due to "higher productivity gained through the project wells," Petrobras said in a statement.

The rigs had been slated to operate in the Brazilian subsalt areas, where massive oil reservoirs have been discovered in recent years. The oil is located off Brazil' s southeast coast, beneath deep Atlantic Ocean waters and several km of rock-bed, including a thick layer of salt.

The five Ocean Rig drilling rigs were to be capable of drilling in up to 3,000 m of water, Petrobras said.

Dow Jones Newswires

11/29/2012

 

Bookmark and Share


WO DATA HUB

EngineeringTablesIcon-Large

Engineering Data Tables

World Oil's specialized upstream Engineering Data Tables featuring the Drill Bit Classifier, Tubing Tables and more. Get Total Access today.

WO SUPPLEMENTS

2013 Fracturing Technology

2013 Fracturing Technology

MEDIA CENTER

By Digital Publisher

Drill Bit Classifier World Oil published its renowned Drill Bit Classifier in September 2013. The Drill Bit Classifier is a comprehensive listing of major manufacturers' d...

ENERGY EVENTS