Showing posts with label Brazilian oil. Show all posts
Showing posts with label Brazilian oil. Show all posts

Tuesday, June 30, 2009

Petrobras Focuses on Costs Ahead of Rig, Platform Tenders


Brazilian state run energy giant Petrobras continues to take a hard line on cost cuts as it prepares to launch tenders for drilling rigs and production platforms. The tenders will likely come to market soon, Chief Financial Officer Almir Barbassa said at a meeting with reporters. "We're in the final phase of the concession process," Barbassa said. The company is hammering out details for financing drill rigs, a complex task, the executive added.....Complete Story