Two-year contracts for Constellation’s semi-sub trio

The Brazilian offshore drilling firm Constellation has been awarded three new contracts with Petrobras for its offshore drilling rigs.

Gold Star / Image source: Keppel

Constellation said Monday that Petrobras had hired its three ultra-deepwater semi-submersible drilling rigs Alpha Star, Gold Star, and Lone Star. The contracts are for two years each. All three rigs entered service in the 2010-2011 period.

While Constellation did not provide the financial details of the contracts, Norwegian rig broker Bassoe Offshore has estimated the dayrate to be around $155,000 for each contract.

Petrobras will use the rigs for drilling activities offshore of Brazil. Operations under each contract are expected to begin by January 2020.

The news of the contracts for the rig trio comes two weeks after Petrobras had hired Constellation’s Laguna Star rig on a two-year deal.

Commenting on new contracts, Guilherme Lima, CEO of Constellation, said: “Securing these three contracts, together with the recently announced contract for Laguna Star, is a remarkable achievement for the company. Petrobras is a key player in the Brazilian market, and this reinforces the long-standing partnership our companies have built over the years.”

He said that with Constellation’s Brava Star and Olinda Star rigs also under contract, “a substantial majority of our fleet is currently under contract.”

Offshore Energy Today Staff

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