• 2014 October 29 14:09

    Petrobras plans to launch a new tender for two ultra-deepwater drilling rigs

    Brazilian state-controlled company Petrobras plans to launch a new tender in the next few weeks in an effort to charter up to two ultra-deepwater drilling rigs to operate in the Santos basin pre-salt province, as it looks to take advantage of the recent market downturn, CIMC RAFFLES said in its press release.

    Sources told Upstream that Petrobras is expected to issue the new tender either in late October or early November.

    Petrobras will ask contractors to submit modern sixth and seventh generation DP3 rigs, fully equipped with managed pressure drilling systems and able to operate in water depths of more than 2000 metres.

    Petrobras is said to favour three-year charter deals with options to renew for an additional three years, with deliveries taking place in the second half of 2015.

    The tender would also reflect Petrobras fears that some of the 28 ultra-deepwater rigs ordered with Sete Brasil may fall behind schedule.

    “It makes perfect sense for Petrobras to go to the market right now. Dayrates are spiralling down and there is no company in the world that knows how to force prices down like Petrobras does,” said one source. A great number of newbuild units will be available for charter next year, and Petrobras expects to take advantage of what will likely be a fierce competition in a softening rig market to secure lower rates, according to another source.

    Transocean won a contract with Petrobras earlier this year for the drillship Dhirubhai Deep-water KG1 for a dayrate of $440,000.

    The rig is currently in Cape Town, South Africa, undergoing a special survey following a voyage from India upon completion of a five-year charter with Reliance Industries for a dayrate of $510,000.

    The unit is expected to arrive in Brazil later this year to begin its three-year contract with Petrobras.

    “The dayrate proposed for the Dhirubhai Deepwater KG1 sent shockwaves around the industry and was definitely a turning point.

    “I suspect Petrobras will be expecting prices in that same ballpark in the new tender,” said a source from a rig contractor.

    It is understood that Petrobras will give contractors until December to submit their commercial proposals, but the exact date will only be known when the oil giant officially sends out invitation letters for the tender.

    Upstream understands that Petrobras wants to use one more rig in the emerging Sergipe-Alagoas basin play, and another two in the area of the pre-salt province being developed under a transfer of rights from the federal government, which includes the Buzios field.

    Several drilling companies recently presented offers in a separate Petrobras market inquiry for the charter of rigs to be deployed exclusively in the giant Libra pre-salt area.

    Seadrill is said to be frontrunner for two contracts, with dayrates understood to be in the region of $515,000 for the West Tellus and West Carina, although this includes the cost of installing MPD and other upgrades.

    Net dayrates were once again calculated at about $450,000 once technical compliance and MPD spending was discounted.

    The Libra consortium is also mulling awarding a contract for a third unit, Ensco’s DS-10, which was offered at a somewhat lower rate but a longer delivery schedule.

    The West Tellus is currently stacked in the Canary Islands, while the West Carina and the DS-10 are both under construction in South Korea.
    Some sources suggested Seadrill would struggle to deliver the West Carina in May, as promised.

2020 July 13

18:24 Canada joins Global Ocean Alliance
18:00 Interim report and independent audit of KS1437 Multipass Port project approved by related authority
16:59 Port of Ventspils (Latvia) handled 6.8 million tonnes of cargo in 6M’2020
15:32 Oboronlogistics ensures Northern delivery
15:04 Ørsted and Van Oord have successfully installed all array cables of the Borssele I & II offshore wind farm
14:21 Dublin Port throughput declines by 10.9% in the six months to June
13:53 FSUE Rosmorport’s revenue in HI’2020 grew by 6% YoY
13:30 Average wholesale prices for М-100 HFO grew to RUB 10,425 in RF spot market
13:04 CMA CGM announces FAK rates from Asia to the Mediterranean
12:41 CMA CGM announces FAK rates from Asia to North Europe
12:19 Tallinks’s vessel Romantika to offer two direct sailings from Riga to Helsinki this July and August
12:18 ISO releases environmental report assurance standard
11:55 NOVATEK reports preliminary operating data for the second quarter and first half 2020
11:32 KN increases the volume of biofuel handling
11:02 XELLZ acquires additional 100.000sqm to develop a Free Zone at Rosslare Europort
10:14 Gibdock completes an extensive two-vessel drydocking and maintenance project for returning customer Shearwater GeoServices
10:13 Port of Helsinki throughput in 6M’2019 fell by 9.2% to 6.6 million tonnes
09:58 The Fjords takes delivery of second all-electric passenger ship
09:49 Oil prices continue going down
09:32 RF Government to allocate RUB 320 million as support of shipping companies
09:10 Baltic Dry Index as of July 10
09:05 MABUX: Bunker market this morning, July 13

2020 July 12

16:21 Carnival Corp announces change in leadership team
15:38 UMS Skeldar gets contract to supply mine countermeasures drones system
15:23 Samson introduces the latest in mooring line innovation
14:19 Coast Guard halts 2 illegal charters near Star Island
13:41 Carnival Corporation's AIDA Cruises to restart sailing vacations in August
13:18 New OCIMF Committee structure
12:51 American P&I Club and ABS Consulting join forces to drive cyber awareness for maritime insurance
11:49 Royal Caribbean Group acquires remaining interest in Silversea

2020 July 11

15:28 Cox Powertrain celebrates as first 300hp diesel outboards roll off the production line ready for delivery
14:51 WCI names Tracy R. Zea as President & CEO
13:45 NOS expands its fleet with two additional M-Class vessels
11:37 Huisman to deliver 250mt Knuckle Boom Crane and 500mt Towing Winch for Nanhai Rescue Bureau
10:52 Wabtec wins federal order for advanced marine engines on new multi-use ships

2020 July 10

19:08 CMA CGM announces FAK rates from Asia to the Mediterranean
18:30 CMA CGM announces FAK rates from Asia to North Europe
18:04 HHLA implements machine learning for the first time to increase productivity
18:01 Port of HaminaKotka throughput in 6M’2020 fell by 14.2% YoY
17:38 Information on the seaport of Murmansk changed in the Register of Russian Seaports
17:13 Thun Tankers takes delivery of the fifth L-class at China Merchants Jinling Shipyard
16:52 Russian Railways: Loading of export cargo bound for domestic ports up 3.3%
16:33 Valenciaport reaffirms its leadership as the first Spanish port at UNCTAD index
16:03 Port of Marseille to maintain €57 million in investments to stimulate the recovery
15:43 DNV GL launch support for new Dynamic Positioning system failure guideline enabling quicker and cost effective implementation
15:30 Volga Shipping Company delivered project cargo to the Caspian Sea
15:13 COVID-19 causes problems for implementing EU legislation - BIMCO
14:48 Throughput of Russian seaports in HI’2020 grew by 0.1% Y-o-Y
14:23 Wärtsilä simulator complex delivered to enhance operations at the Training and Education Office of the Indonesian National Police
14:03 Port of Oakland imports up 1.9 percent in June 2020
13:44 Onezhsky Shipyard delivers hybrid workboats Anatoly Klimov and Victor Vorotylo (video)
13:22 Governments of 12 countries pledge action for seafarers at crucial crew change summit
13:19 GTT receives an order from Hudong-Zhonghua Shipbuilding for the tank design of three new LNG carriers
13:01 Sredne-Nevsky Shipyard commenced making hull of yet another minesweeper of Project 12700, Aleksandrit
12:38 Throughput of Murmansk Sea Fishing Port fell by 12.7% in HI’2020
12:13 Nuclear-powered icebreakers of Rosatomflot assisted 462 ship calls in winter-spring navigation season
11:35 Construction commences on Austal's largest ever ferry
11:04 GIWACAF launches webinar series on oil spill preparedness and response
10:46 FSUE “Rosmorport” takes award-winning place in the annual sailing regatta
10:32 LR to develop structural digital twin for Bluewater FPSO Glas Dowr