QGOG, SHI Hold Naming Ceremony of Two Ultra-Deepwater Drillships (South Korea)

Queiroz Galvão Óleo e Gás S.A. (QGOG) two days ago, in South Korea, held the naming ceremony of the Amaralina Star and the Laguna Star, the newest dynamically positioned ultra-deepwater drillships to be operated by the company. The two new drillships will be delivered by Samsung Heavy Industries of South Korea in June and September, respectively.

These two new drillships are expected to commence operations in Brazil in October and December.

Construction of these drillships will be concluded in less than two years.

“The Amaralina Star and the Laguna Star are capable of drilling in water depths of up to 10,000 feet and drilling to a total well depth of 40,000 feet. They are designed to operate in ultra-deepwater environments, particularly in the pre-salt area,” said Leduvy Gouvea, chief executive officer of QGOG. “These new drillships bring additional technological capabilities to QGOG that will enable us to continue to expand and diversify our ultra-deepwater drilling capabilities.”

The units have been leased to Petrobras for a six-year period with an option to renew for an additional six years. Drilling services will be provided by QGOG.

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Shipbuilding Tribune Staff, June 27, 2012