Petrobras is closely following the legal case and awaits a final ruling to make further comments on the matter, the company said in an e-mailed response to questions.
Brazil’s oil regulator, known as the ANP, will appeal the ruling at the Superior Tribunal, the agency said in an e-mailed response to questions.
Transocean has a total of 10 rigs in Brazil, eight of which are being used at Petrobras fields.
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Transocean has announced that the newbuild ultra-deepwater drillship Petrobras 10000 has commenced operations in Angola for a subsidiary of Petrobras under a 10-year drilling contract. Other features include expanded completions capabilities, a variable deck-load of more than 20,000 metric tons and the capability of development and exploration drilling in greater than 10,000 feet of water depth.
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Delivered on December 15, 2011, the vessel arrived at the drilling area in Brazil on February 4, 2012, and has been under charter to Petrobras since April 25. The drillship is owned by Etesco Drilling Services, LLC, a company that was established in the United States with the four Japanese companies holding equity stakes totaling over 85 percent.
In recent years, there have been numerous discoveries of large oil and gas fields in pre-salt areas in Brazilian coastal waters, and there is worldwide interest in these massive deposits. Posted on May 16, 2012 with tags americas, BRAZIL, Drillship, Etesco, News by topic, offshore, operation, starts. SMW has grown in size and significance since the inaugural event in 2006, and is attracting more participants and event organisers from around the world.
This is why Singapore Maritime Week is all about People, Ideas and Opportunities for the maritime community. As in 2012 and 2014, the Maintenance fair will be held concurrently with Pumps & Valves 2016, the technology trade fair for pump installations and industrial processing equipment.
The Titanium Explorer, formerly known as the Dragonquest, owned by Vantage Drilling, is contracted for eight years.
The drillship is a self-propelled, dynamically positioned vessel suited for drilling in remote locations because of its mobility and large load carrying capacity.
Petrobras started-up production on platform P-62 in the Campos Basin’s Roncador field on Monday, May 12, 2014.
Hear how companies such as Shell International, Engen Petroleum and ExxonMobil are exploiting new technologies and embracing the digital transformation.

Packed with inspiring keynotes, market trend analyses, industry updates, exciting demos, extensive customer and SAP presentations, vibrant  exhibition, networking opportunities and post-conference workshops, this is THE go-to international SAP oil and gas conference of the year. Brazilian state-run oil company Petrobras has announced that its P-58 FPSO began producing oil on Monday, March 17. Do you attach great importance to quality and do you have an affinity with offshore projects? Maersk Drilling Norge AS was established in 1990 and employs a staff of approximately 1000 people.
Total investment in the project amounts to approximately US$820 million, and EDS concluded a loan agreement for US$650 million on June 12th.
J4 seeks to contribute to Petrobras by participating in this drillship charter project for exploration for oil and gas in pre-salt fields in Brazil. Today GE is in the process of building systems for 22 of the 29 drillships for the current phase of the Brazilian oil and gas exploration by Brazilian energy corporation Petrobras. Petrobras is searching for hydrocarbons up to 300 kilometers (km) off the coast of Brazil, in rock formations up to five km below the sea bed, and in water depths of up to 2,000 meters. Exploration and recovery of these reserves is expected to require the construction of around 40 new drilling vessels between now and 2020.
A large part of GE’s Power Conversion operations for production and support of systems for the pre-salt are located in Brazil. Posted on April 3, 2013 with tags Brazilian, Drillship, GE, Market, News, O&G, Offshore, Propulsion, Provides, Systems. GustoMSC presents the Magellan-class drillship, the next step in deep-water drillship design. The ban, issued by a lower court, was upheld by the Superior Justice Court in Brasilia last week and can be appealed at the Supreme Court.
Petrobras is investing about $236 billion in the five years through 2016 to more than double oil output by 2020 and expand gasoline production.
The rig features Transocean's patented dual-activity drilling technology, allowing for parallel drilling operations designed to save time and money in deepwater well construction, compared with conventional rigs. We don't just report the news, we give you the technical background as well, with additional information derived from our unique energy-pedia opportunities service.
It is capable of drilling in water depths of 10,000 feet (3,000 meters) and down to 30,000 feet (9,000 meters) below the seabed. Etesco Drilling Services will provide vessel charter services to Petrobras for up to 20 years.
The region concerned is believed to have the potential for further development and is a priority area for Petrobras.

Driven by the Maritime and Port Authority of Singapore (MPA), SMW gathers the international maritime community in Singapore for a week of conferences, dialogues, exhibitions and social events in celebration of all things maritime. It is currently equipped for drilling in water depths up to 10,000 feet, and is designed to drill in water depths up to 12,000 feet. Discuss what it will take to survive in the current market, how organisations are reinventing themselves and how your company could become the next industry disruptor. The drillship will be chartered by Petrobras for ultra-deepwater exploration in pre-salt fields with a water depth of up to 10,000 feet (approximately 3,000 meters).
These forward-looking statements are based on the current assumptions and beliefs of NYK in light of the information currently available to it, and involve known and unknown risks, uncertainties and other factors.
GE’s systems will power, propel, navigate, position and control drillships, and also power and control the drilling process itself. The Brazilian government is calling for local content to be used as much as possible in these vessels. The company has operated manufacturing facilities in Brazil for more than 30 years, including production facilities in Betim (near Belo Horizonte), and in Campinas, 60 miles from Sao Paulo City, GE’s Americas center of excellence for medium and high-voltage induction motors employs 1,200 people. The first well will be drilled in the Franco SW block in water approximately 2,000 meters deep about 200 kilometers off Rio de Janeiro. Through this business, the four Japanese companies will contribute to exploration for oil and gas in the promising fields. The range of activities and events organised by MPA, the industry and research and educational institutions, as well as the cosmopolitan profile of participants, reflect the vibrancy and diversity of Singapore as a major international maritime centre.
As activities are added to the line-up, and as eminent speakers share their insights and participate in dialogues on topical maritime issues. J4’s aggregate participation accounts for the majority share of the project company, Etesco Drilling Services, LLC.
After its delivery, scheduled for the end of January in 2012, EDS will start to provide charter service to Petrobras for a maximum of 20 years.
Such risks, uncertainties and other factors may cause NYK's actual results, performance, achievements or financial position to be materially different from any future results, performance, achievements or financial position expressed or implied by these forward-looking statements. This dynamism and the good range of issues discussed during SMW are major for maritime decision-makers, as are the many business networking platforms.
This press release is published in order to publicly announce specific facts stated above, and does not constitute a solicitation of investments or any similar act inside or outside of Japan, regarding the shares, bonds or other securities issued by us.

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