Petrobras & Constellation Team Up for Offshore Drilling Work in Brazil [Yahoo! Finance]
Petroleo Brasileiro S.A.- Petrobras American Depositary Shares (PBR.A)
US:NYSE Investor Relations:
investidorpetrobras.com.br/en
Company Research
Source: Yahoo! Finance
offshore operations in a significant development for Brazil's oil industry. The company has entered into a partnership with Constellation Oil Services, a leading player in offshore drilling operations. This collaboration centers around the deployment of Constellation's drillship, Amaralina Star, which is set to play a crucial role in the country's growing oil and gas sector. Monumental Deal Worth $528 Million PBR has awarded Constellation a three-year contract valued at $528 million. This deal includes a mobilization fee of $39 million, as well as various integrated services that PBR has requested for its offshore drilling operations. The deployment of the Amaralina Star will be a key component of Petrobras' plans with operations set to begin in the first quarter of 2026. The agreement also provides an option for a 315-day extension, ensuring continued operational capabilities for Petrobras in its offshore oil exploration endeavors. This new venture is part of a broader $2 billi
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