Brazilian energy firm PetroRio has signed an agreement with Ventura for the 1974-built semi-submersible drilling rig Atlantic Zephyr for a nominal price of $1.
According to PetroRio, the purpose of the acquisition is to reduce operational costs and increase the Tubarão Martelo Field’s efficiency through a significant reduction of the response time to eventual wells shutdowns.
“This strategy aims to replicate the Polvo Field’s successful model, which achieved efficiency and investments payback records, due to the rig attached to the platform,” the company said.
The company expects the rig to add annual operation and maintenance costs of around $3m and will avoid the contracting of third-party rigs for field interventions.
Source: PetroServ
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