The state-controlled oil giant Petrobras $PETR3 (+0,88 %)
$PETR4 (+0,51 %) has taken another important step to support its offshore activities, marking a significant development for the Brazilian oil industry. The company has entered into a partnership with Constellation Oil Services, a leader in offshore drilling. The collaboration centers on the deployment of Constellation's Amaralina Star drillship, which is expected to play a key role in the country's growing oil and gas sector.
PBR has awarded Constellation a three-year contract worth 528 million US dollars. This contract includes a mobilization fee of $39 million, as well as various integrated services that PBR has requested for its offshore drilling operations. The deployment of the Amaralina Star will be a key component of Petrobras' plans and operations are scheduled to begin in the first quarter of 2026.
Expansion of activities in key offshore areas
Amaralina Star will operate primarily in two of Brazil's most promising and prospective offshore areas, namely the Northern Equatorial Margin and the Southern Pelotas Basin. These areas are expected to play a crucial role in Petrobras' strategy to maintain its leadership position in global oil production. Petrobras places great emphasis on maximizing offshore exploration and continues to focus on these key regions to achieve its ambitious growth targets in the coming years.