Deepwater Drillships Named at Korean Yard

Press Release
Wednesday, June 27, 2012

Brazil's Queiroz Galvão Óleo e Gás S.A. (QGOG) names its two new drillships at the Samsung Heavy Industries shipyard

QGOG announces the naming ceremony in South Korea of the Amaralina Star and the Laguna Star, the newest dynamically positioned ultra-deepwater drillships to be operated by the company.

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.

The two new drillships will be delivered by Samsung Heavy Industries of South Korea in June and September, respectively, and are expected to commence operations in Brazil in October and December.

The drilling 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.

QGOG, is a leading Brazilian-controlled provider of offshore oil and gas contract drilling and FPSO services in Brazil.


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