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Petrobras floods market in $1 billion spree for new vessels - Upstream Online

Upstream Online · last updated

Petrobras floods market in $1 billion spree for new vessels | Upstream Online

Brazil’s Petrobras has issued several tenders aimed at contracting new offshore support vessels to serve its needs in the South American nation that may result in long-term charters worth close to $1 billion combined.

The contracting frenzy takes place at a time demand for drilling rigs and OSVs are on the rise, as oil companies around the world have returned to the exploration and production arena backed by higher crude prices.

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