1.  Petrobras will certainly pay $76 billion to rent 26 boring gears it would certainly use over 15 years in Brazil's overseas pre-salt area, Chief Executive Officer Jose Sergio Gabrielli claimed Friday.
2.  Gabrielli's statement, at a webcast press conference in Rio de Janeiro to talk about the state-led Petrobras' fourth quarter results, followed a business news late Thursday that it had actually approved agreements for 21 offline gears with Sete Brasil and for five twin activity gears with Ocean Gear.
3.  The Sete Brasil gears would certainly be leased at a typical day-to-day rate of $530,000 as well as those from Ocean Rig would certainly be rented at the ordinary day price of $548,000, said Petrobras, including it hoped to lower the typical day rates to $500,000 for the Sete Brasil agreement and also to $535,000 for the Sea Rig contract.
4.  All the rigs are to be made in Brazil and are to be provided in 48 to 90 months, Petrobras stated. Petrobras has 10% of Sete Brasil, a Sao Paulo-based business developed for construction of rigs in Brazil.
5.  The 5 gears from Norway's Sea Gear were not component of an earlier company strategy, yet Gabrielli stated Petrobras determined to add them because they would certainly "bring increased performance with their technology which allows simultaneous dual boring."
6.  Gabrielli Friday stated Petrobras in 2011 had agreements for 19 deepwater gears, up from 13 in 2010, however anticipates to have 33 in 2015.
7.  In December, Petrobras junked a tender for agreements with both companies and re-started arrangements targeted at getting "better contract problems," the firm stated during that time.
8.  As https://www.irochemical.com for oil company in Brazil, the gears have neighborhood web content requirements of 55%-65%, Petrobras said Thursday. "Building of brand-new shipyards and also using existing infrastructure" is also part of the agreement, it claimed.
9.  Having enough rig capacity continues to be among the major difficulties Petrobras deals with in creating the pre-salt area.
10.  Petrobras Thursday likewise stated that it would take into consideration extra funding choices for both Sete Brasil and also Sea Rig, via Brazil's National Development Bank, or BNDES.
11.