Kawasaki to Participate in a JV Project for Building Drill Ships

Source: www.gulfoilandgas.com 5/5/2012, Location: South America

Kawasaki Heavy Industries, Ltd. (KHI) announced that it has decided to participate in a joint venture project for building drill ships etc. in Brazil, and executed a shareholders agreement on May 4, 2012 (local time).

KHI will invest in Estaleiro Enseada do Paraguaçu S.A. (EEP), located in Bahia State, Brazil, as a 30% shareholder and transfer its technology to EEP. EEP is a joint venture company founded by Brazilian first class general contractors, Odebrecht, OAS and UTC (Brazilian Partners) for construction and integration of offshore units, such as platforms, support vessels and drilling units, to which KHI will transfer its technology for the construction of the shipyard and drill ships.

In Brazil, a considerable amount of offshore oil reserves were found in the ultra-deep layer, leading to a spike in demand for various ships, including drill ships & FPSO for the drilling and production. EEP is quite active in the marketing in this sector, obtaining a letter of intent from Sete Brazil (Investment company of Brazil in Oil & Gas industry) for the construction of 6 drill ships to be chartered by Petrobras, a state-owned oil company in Brazil.

KHI has a track record of successful technology transfers to two joint venture shipyards in China, Nantong COSCO KHI Ship Engineering Co., Ltd. (NACKS) and Dalian COSCO Shipbuilding Industry Co., Ltd. (DACOS). These past successes have led the Brazilian Partners to recognize KHI as a right technical partner for this project.

EEP will be the third overseas shipyard for KHI following NACKS and DACOS. KHI will be actively involved in the construction of various ships at EEP, with an eye to assisting in the growth of the company and increasing its profitability.


Saudi Arabia >>  6/22/2022 - The contract extensions for the AOD I, AOD III, and West Callisto for work offshore in the Arabian Gulf have been awarded to Seadrill Limited ("Seadri...
United Kingdom >>  6/22/2022 - In addition to our press release from June 9, 2022, Awilco Drilling Plc announces that the previously mentioned sale of the drilling rig WilHunter has...

Brunei Darussalam >>  6/17/2022 - In recognition of the drillship’s outstanding performance in all aspects during its time in Brunei Darussalam, Shell has named Maersk Viking its 2021 ...
United Arab Emirates >>  6/17/2022 - Shelf Drilling has announced that one of its subsidiaries has reached an agreement to purchase the Deep Driller 7 jack-up drilling rig for USD 30 mill...

Norway >>  6/16/2022 - The Petroleum Safety Authority Norway (PSA) has given Vår Energi consent to use Transocean Enabler for production drilling on the Goliat field.

Suriname >>  6/16/2022 - TotalEnergies E&P Suriname, Suriname Branch has exercised an option to add the drilling of one additional well in Block 58 offshore Suriname to the wo...

Related Categories: General  Rig Equipment  Rig Operators  Rigs, Coring & Exploration 

Related Articles: General  Rig Equipment  Rig Operators  Rigs, Coring & Exploration 


Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.