Brazil’s state-controlled oil company Petroleo Brasileiro has asked Odebrecht’s offshore drilling arm to halt operations of a rig, according to a document seen by Reuters on 6 November, after an explosion there killed three people in June.
Petrobras also threatened to cancel contracts related to the Norbe VIII rig, according to an undated internal memo sent by Roberto Simoes, chief executive of Odebrecht Oil and Gas, Odebrecht’s offshore drilling unit.
Contract cancellations would be another blow for Odebrecht, which has been targeted in corruption probes in Brazil and elsewhere in Latin America.
OOG, which has struggled in the wake of a widespread slowdown in the region and restricted access to credit following the scandals, reached an agreement with creditors to restructure billions of dollars in debt earlier this year.
Read the full story here.
Don't miss our latest HSE content, delivered to your inbox twice monthly. Sign up for the HSE Now newsletter. If you are not logged in, you will receive a confirmation email that you will need to click on to confirm you want to receive the newsletter.
3 - 5 Feb 2019
- Houston, USA
Enhanced Oil Recovery Across Scales
15 Jan 2019 15:30 EST
- Live, then On Demand
12 - 14 Feb 2019
- Galveston, Texas, USA
Join leading industry experts as they share their experiences with the integrated fluid network
29 - 31 Oct 2019
- Bali, Indonesia
Call for Papers is Now Open.
HSE Now is a source for news and technical information affecting the health, safety, security, environment, and social responsibility discipline of the upstream oil and gas industry.
©2003-2018 Society of Petroleum Engineers, All Rights Reserved.