New Ultra-Deepwater Drillship Laguna Star Arrives in Brazil

The Laguna Star, QGOG Constellation’s new ultra-deepwater drillship, arrived, Nov. 7,  in Brazil. Samsung Heavy Industries shipyard, located in South Korea, built the Laguna Star as well as the Amaralina Star drillship, which is currently in operation by QGOG.

The unit will be operated by its subsidiary, Queiroz Galvão Óleo e Gás (QGOG), in water depths of up to 10,000 feet and well depths of up to 40,000 feet. It is equipped to operate in ultra-deepwater including the Brazilian pre-salt area.

The Laguna Star is the second drillship to be operated by QGOG, after Amaralina Star, which arrived in Brazil in August, 2012. The unit contributes to expanding and diversifying QGOG’s portfolio in ultra-deepwater drilling.

“The arrival of Laguna Star is another key milestone for the QGOG Constellation’s ultra-deepwater operations and, together with Amaralina Star, reinforces our operational track record,” said QGOG Constellation CEO Leduvy Gouvea.

These two drillships are chartered to Petrobras under six-year contracts, with options to renew for six additional years. Drilling services will be provided by QGOG.

[mappress]

Press Release, November 8, 2012