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    New find brings lustre to Brazilian offshore development

    News // December 23, 2010

    Broker Seabrokers reports that recent events in Brazil have resulted in a new burst of activity from this dynamic oil province.

    A punitive tax system which targeted foreign shipowners is to be eased if not completely suspended and the appointment of a new energy friendly president is being interpreted as a positive move for the industry.

    Perhaps the most important catalyst for increased activity is the recent announcement of a potentially massive new oilfield. The Libra oilfield is thought to contain as much as 15 billion barrels of oil making it twice the size of the giant Tupi field.

    Coinciding with this positive news, state oil company Petrobras issued tenders for various classes of PSVs and AHTS. Day rates for PSVs ranging in size from 2,200-3,349 dwt came in at between US$24,500 and US$29,400.

    Day rates for a 15,000 bhp AHTS came in at between US$30,000 and US$47,975. US owners featured predominantly among the PSV bidders, no doubt as a result of the slowdown in the Gulf of Mexico due to the recent drilling moratorium.


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