Koil Energy Solutions Inc. (KLNG)

[SageWise]

PBR forging ahead with more deep water plans

Wouldn't it be nice if we could get some Electrowave systems into these 40 new drill ships and semisubs.

http://rigzone.com/news/article.asp?a_id=62149

Petrobras Intends to Hire 40 Drilling Rigs
Petrobras Wednesday, May 21, 2008


Petrobras says that during a meeting held Monday night with the Federal Government, corporate entities, and Brazilian industry representatives, the company announced its intent to hire 40 drillships and semisubs to operate in deep and ultra-deep waters. The plan foresees the construction and receipt of the 40 units through 2017, and priority will be given to building them in Brazil.

An invitation to tender is currently underway for the chartering of 24 vessels to support exploration and production activities. Bidding is expected to take place for another 122 of such vessels in the next six years. The 146 support vessels will be built in Brazil.