ESV - New Drillship Contract In Brazil Comes With A Low Dayrate
Back at the end of June, we have discussed floater fundamentals - the numbers showed that the market was taking a pause after the upside seen in the beginning of this year. Recently, an interesting data point emerged - Petrobras (PBR) contracted Constellation's drillship Laguna Star for a long-term project in Brazil.
According to Brazil Energy Insight, Constellation demanded a dayrate of just $160,000. Bassoe Offshore estimates that the dayrate is even lower at $155,000. Interestingly, Brazil Energy Insight states that Transocean (RIG), Ensco Rowan (ESV), Seadrill (