In mid-April, there were 122 offshore drilling rigs in Brazil, including 29 under construction and 93 others: 26 drillships, 52 semisubmersibles, 8 jackups, and 7 platform rigs. The status of the rigs not under construction: 77 drilling, 8 on workovers, 1 platform rig being used for production, 1 rig waiting on location, I rig under inspection, 2 being modified, 1 ready-stacked semisub, and 2 cold-stacked jackups.
There are six semisubmersible rigs under construction for Sete Brasil S.A.: Botinas, to be managed by Odebrecht Oil & Gas; Frade and Portogalo, to be managed by Petroserv SA; and Bracuhy, Mangaratiba, and Urca, to be managed by Queiroz Galvao Oleo e Gas S.A.
An amazing 23 drillships are under construction in two Brazilian shipyards: EstaleiroAtlântico Sul(EAS) yard established in 2005 in Pernambuco state, and the Estaleiro Jurong Aracruz (EJA) yard established in 2011 in Espirito Santo state.
In March 2012, South Korea's Samsung Heavy Industries Co. sold its 6% interest in the EAS yard, and it is now wholly owned by local construction firms Camargo Correa SA and Queiroz Galvao SA. The EAS yard is now building drillships for Petrobras through Sete Brasil Participacões SA, some of which will be managed by Etesco.
Sembcorp Marine’s subsidiary Jurong Shipyard opened the EJA yard in late 2011 after building 18 platforms for Brazilian oilfields. The first drillship order came in February 2012, from Netherlands-based Guarapari Drilling BV, a subsidiary of Sete Brasil. In February 2013, the EJA yard announced that it would build seven drillships for Sete Brasil that will be managed by Odebrecht Oil & Gas and Odfjell. The first drillship is scheduled to be delivered in Q2 2015.
Time delays in projects and high manufacturing costs due to competition are proving to be unfavorable to the Brazilian offshore rig construction industry.
[published as a sidebar to "Brazil in progress"]