Page 19: of Maritime Reporter Magazine (June 2016)

over a year now, Sete has been unable to secure new loans, causing many lo- cal shipyards to cease building the drill-

The Urca deepwater semi- ers, due to lack of payments. At least sub nearing completion at the six drillships or semi-subs are over 60%

BrasFELS shipyardThe Arpoador drillship nearing completion at completed, but with construction halted the EJA yard in early 2016.

or slowed at the yards, there has been a domino effect on the whole supply chain, which is also not getting paid.

All the drillships originally ordered are rated to 3,000 meters with the capabil- ity to lay drill pipes to 10,000 meters, with BOPs rated to maximum pressure of 15,000 psi, and DP systems are from

GE/Converteam or Kongsberg. All will utilize drilling packages from National

Oilwell Varco, except for the drillships built at the EJA yard, which will use an

Aker Solutions package.

Ariovaldo Santana da Rocha, Presi- dent of Sinaval, the National Syndicate of Maritime and Offshore Shipbuilding and Ship Repair, complained about the lack of continuity of projects in Bra- zil, “The decrease in Petrobras invest- ments, represents less oil ? elds to be developed, which reduces the demand

Photo: BrasFels www.marinelink.com 19

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