Petrobras hands pair $1.4bn P-56 deal

Brazil's state-run oil company Petrobras has sealed a $1.4 billion contract for its new 100,000-barrel-per-day P-56 production rig with a Keppel Fels (Brasil) - Technip consortium after months of exclusive negotiations.

The consortium includes the local unit of Singapore-based Keppel Fels and French energy services group Technip. The P-56 rig should start operating at the end of 2010. The P-54 was converted by the Jurong Shipyard in Singapore and then integrated locally with topsides fabricated at the Maua-Jurong yard near Rio de Janeiro. Jurong Shipyard is a unit of SembCorp Marine.

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