Sete Brasil pushes back date for four-rig tender

摘要

BRAZIL'S ill-fated rig-chartering entity Sete Brasil has delayed a tender for the sale of four out of 28 ultra-deepwater drilling units that were originally contracted by state-controlled Petrobras. Sete Brasil was due to receive bids this week for the unfinished semi-submersible rigs Urea and Frade and the unfinished drill-ships Arpoador and Guarapari, but the date was moved back to 28 March. The four drilling units are the closest to completion among the 28. Finding buyers could mitigate losses faced by Sete Brasil's financial backers and - subject to agreement with Petrobras - stave off further liabilities. The semisubs Urea and Frade were being built at the BrasFels shipyard in Rio de Janeiro state and the drillships Arpoador and Guarapari are at the Jurong Aracruz shipyard in Espirito Santo state.