Constellation signs new contract with Petrobras for Alpha Star probe

By Constellation

September 27, 2023

This is a machine translation of the press release originally published in Portuguese

Constellation announced this Wednesday, September 27, a new three-year contract with Petrobras, worth 392 million dollars, for the charter and operation of the Alpha Star semi-submersible rig. The unit can be used on the Brazilian coast and its activities are scheduled to begin in the fourth quarter of 2024. The scope of work will include the drilling, completion and intervention of wells in water depths of up to 2,400 meters.

"The recovery of the oil and gas segment has driven the resumption of investments by exploration and production operating companies, and the consequent increase in demand for the provision of offshore services. This new contract, the seventh currently in force with Petrobras, reinforces our long-term partnership with our largest client, the trust placed in our operations and Constellation's position as a Brazilian leader in the sector of drilling and completing offshore oil and gas wells, with 100% of our units contracted”, highlights Rodrigo Ribeiro, CEO of Constellation.

Alpha Star is a semi-submersible dynamic positioning rig, built in 2011, and capable of drilling in water depths of up to 9,000 feet. The unit has the capacity to drill wells up to 30,000 feet deep, being equipped to operate at typical pre-salt depths. Currently, the rig is contracted by 3R Petroleum and activities for Petrobras will begin shortly after the current contract ends.