Constellation Oil Services Holding S.A. announced the award of a new contract with Petroleo Brasileiro S.A. for the deployment of the Admarine 511 – a jackup drilling rig owned by its commercial partner, ADES Holding Company, which will be used for a campaign of Plug and Abandonment (P&A) of wells at shallow waters in the Sergipe, Alagoas, Ceara and Potiguar basins, in Brazil. With this contract Constellation expects to generate about 100 direct new jobs that will be met mostly by Brazilian workforce. The agreement has a total value of USD 170 million.
The Admarine 511 will be run and operated by Constellation, which will have up to 210 days for mobilizing the rig from its current location in Bahrain, to Brazil, where it will remain under contract for a firm execution period of 1.143 days. The contract also includes an extension option of up to 472 days, upon mutual agreement between the parties. The rig is already undergoing class inspection and essential adjustments to meet Brazilian regulations.
The Admarine 511 is a three-legged cantilever jack-up rig, model MSC CJ46-X100D, designed to operate in water depths up to 375 feet (114 meters).