Constellation Reports New Contract Awards In Brazil

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(Constellation, 22.Jul.2019) — Constellation Oil Services Holding S.A. announced three of the Company’s ultra-deepwater (UDW) rigs, Alpha Star, Gold Star, and Lone Star, have been awarded new firm contracts with Petrobras S.A. for two years. The drilling activities will be performed offshore of Brazil and operations under each contract is expected to commence by January 2020.

“Securing these three contracts, together with the recently announced contract for Laguna Star, is a remarkable achievement for the Company. Petrobras is a key player in the Brazilian market and this reinforces the long-standing partnership our companies have built over the years. In addition, with our Brava Star and Olinda Star rigs also under contract, a substantial majority of our fleet is currently under contract,” said Mr. Guilherme Lima, CEO of Constellation.

Alpha Star and Gold Star are ultra-deepwater DP semi-submersible drilling rigs that started operations in July 2011 and February 2010, respectively. The drilling rigs are capable of drilling in water depths of up to 9,000 feet and have a drilling depth capacity of up to 30,000 feet.

Lone Star is an ultra-deepwater DP semi-submersible drilling rig that started its operations in April 2011. The rig is capable of drilling in water depths of up to 7,900 feet and has a drilling depth capacity of up to 30,000 feet.

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