Petrobras trying to cancel contract for drillship with Grupo Schahin

Petrobras trying to cancel contract for drillship with Grupo Schahin

Petrobras is trying to cancel its contract for hiring a drillship with engineering conglomerate Grupo Schahin, according to Reuters.

Brazil’s troubled state oil firm – trying to cut costs all over because of its huge debt – wants to rescind the contract for the Vitoria 1000 drillship, operating offshore Brazil.

The contract is one of the numerous deals under suspicion of being part of the infamous bribes-for-inflated-contracts scheme that has brought Petrobras to such dire circumstances.

The drillship is the last one Grupo Schahin has in operation as that company too is in a bad financial predicament and is trying to restructure its debt.

Donal Scully

With 28 years experience writing and editing for newspapers in the UK and Hong Kong, Donal is now based in California from where he covers the Americas for Splash as well as ensuring the site is loaded through the Western Hemisphere timezone.

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