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High demand leads to extremely tight Brazil offshore rig market
![High demand leads to extremely tight Brazil offshore rig market](https://cdnimg.bnamericas.com/mytrVLyCaLCXnVfqAMnUYIzYhXuWqJSDTjgPTuMJyjJtxqYJSQLTElglQZxhakPH.jpeg)
Brazil’s offshore rig market is extremely tight due to high equipment demand, two local sources told BNamericas.
The situation results from multiple offshore campaigns underway and planned by federal oil company Petrobras and private oil and gas companies.
According to data from the navy, 29 offshore rigs are operating in the country, 20 of which chartered by Petrobras.
Rig | Type | Owner | Charterer |
Norbe VIII | Drillship | Ocyan | Petrobras |
Norbe IX | Drillship | Ocyan | Petrobras |
ODN II | Drillship | Ocyan | Petrobras |
ODN I | Drillship | Ocyan | Petrobras |
Etesco Takatsugu | Drillship | Etesco | Petrobras |
Siem Helix 2 | Drillship | Siem Offshore | Petrobras |
Petrobras 10000 | Drillship | Transocean | Petrobras |
Deepwater Mikonos | Drillship | Transocean | Petrobras |
Deepwater Corcovado | Drillship | Transocean | Petrobras |
SSV Victoria | Semissubmersible | Hibernia Marine | Petrobras |
Carolina | Drillship | Carolina Marine | Petrobras |
Atlantic Star | Semissubmersible | Constellation | Petrobras |
Brava Star | Drillship | Constellation | Shell |
King Maker | Semissubmersible | PRIO | PRIO |
Valaris Renaissance | Drillship | Valaris | TotalEnergies |
West Tellus | Drillship | Seadrill | Shell |
Ocean Courage | Semissubmersible | Brasdrill | Petrobras |
Laguna Star | Drillship | Constellation | Petrobras |
Norbe VI | Semissubmersible | Ocyan | PRIO |
Gold Star | Semissubmersible | Constellation | Petrobras |
Noble Developer | Semissubmersible | Noble/Maersk | Karoon |
Valaris DS-4 | Drillship | Ensco do Brasil | Petrobras |
West Saturn | Drillship | Seadrill | ExxonMobil |
Lone Star | Semissubmersible | Constellation | Petrobras |
Alpha Star | Semissubmersible | Constellation | Enauta |
West Carina | Drillship | Seadrill | Petrobras |
Amaralina Star | Drillship | Constellation | Petrobras |
Siem Helix 1 | Drillship | Siem Offshore | Trident Energy |
West Jupiter | Drillship | Seadrill | Petrobras |
Source: Brazilian navy
One unit Petrobras hired is Ocyan's ODN II, which will drill a well in the Foz do Amazonas basin.
Maersk/Noble’s Noble Developer rig is carrying out works for Karoon in the Patola field, after which it will be moved to the Australian company’s Neon field to drill the first of potentially two control wells.
Then, the same rig is expected to drill a well for Shell in exploration block C-M-659, in Campos basin.
The Anglo-Dutch major has two rigs contracted: Constellation’s Brava Star and Seadrill’s West Tellus, both operating in Santos basin.
Valaris’ Renaissance rig is working for TotalEnergies in Santos and will possibly drill Petronas’ first well in the country later this year.
Constellation's Alpha Star rig (pictured) is currently chartered by Brazil’s Enauta, which is the operator of the Atlanta field, in the Santos basin.
Another local private firm, PRIO (formerly PetroRio), is using its King Maker well intervention rig and Ocyan's Norbe VI semisubmersible unit in the Campos basin, where Trident Energy is also carrying out intervention works with Siem Offshore’s Siem Helix 1.
And ExxonMobil has Seadrill’s West Saturn rig under contract. The equipment is currently docked at the Jurong Shipyard, in Espírito Santo state.
Additional rigs will be necessary to meet the demand of companies like BW Energy, which is expected to drill a well in the Golfinho field in March, and 3R Petroleum, which has several campaigns planned for this year.
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