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Petrobras to Bring 63 Oil Rigs Service by 2018

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    Charles Randall

    Petrobras to Bring 63 Offshore Oil Rigs Into Service by 2018

    By Jeb Blount
         Aug. 13 (Bloomberg) — Petroleo Brasileiro SA, the state-
    controlled oil company spending more than $112 billion on
    expansion over five years, plans to add 63 deep-water oil rigs to
    its fleet by the beginning of 2018.
         Most of the rigs, 59, will be able to operate in waters at
    least 2,000 meters deep, Petrobras, as the Rio de Janeiro-based
    company is known, said in a presentation to investors at its
    headquarters in Rio de Janeiro today.

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