Dleif Drilling repossesses Sertão drillship

December 28, 2015

Delware-based Dleif Drilling has repossessed the Sertão drillship pursuant to an order issued by the Tribunal de Justiça do Estado de São Paulo Comarca de São Paulo Foro Central Cível 35a Vara Cível on 30 September 2015, the company announced on 24 December.

The company, which now owns the vessel following Schahin Group's declaration of bankruptcy in April 2015, initiated the repossession in late October, at which time it also became the ship's operator. The drillship along with another former Schahin Group unit, the Cerrado, worked Petrobras' giant Libra field.

Reuters reported back in May that Petrobras cancelled contracts with Schahin for five offshore oil drilling and production vessels after a cash crunch forced the company to remove the equipment from service for nearly a month.

"After receiving all necessary exit approvals from the Delegacia de Capitania dos Portos em Macaé - RJ, Sertão sailed for Teesside in England where she safely arrived on 26 November, for warm lay-up at a convenient, safe berth," Okeanos, a consulting firm hired by Dleif, said.

Upon Sertão’s arrival in England, the Indenture Trustee caused Sertão to be arrested by the English Admiralty court authorities due to various breaches of the Indenture, the announcement said. Sertão is currently under writ and has been physically secured pending next steps, which are under consideration.

The Sertão was built in 2012 by Daewoo Shipbuilding and Marine Engineering.

Dleif has engaged Okeanos & V-ships to manage and crew Sertão, while Pareto Offshore has been engaged to identify future employment opportunities for the vessel. 

Read more

Schahin files for bankruptcy

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