Schahin Rigs

completed

Schahin Engenharia S.A. is the flagship company of the Schahin Group, a privately owned Brazilian group engaged in engineering and construction activities, oil & gas services and financial services. The Schahin Group was established in 1966 by the Schahin family.The company started its operations in the oil & gas industry in 1982 and now provides a diversified range of services, with a specialization in drilling and workover services. In 1985 Schahin started operating a jack-up platform (North Star) with the capacity to drill in shallow waters (up to 60 meters depth). Since then the platform has been consecutively chartered to Petrobras. In 1990 Schahin also started operating a deep waters drill ship, the SC Lancer. Schahin has thus far successfully drilled more than 100 wells in the Atlantic off-shore Brazil.The project consists of the construction, mobilization and operation (under contracts with Petrobras) of two offshore semi submersible rigs. The two new semi-submersible platforms were designed by Friede & Goldman, a leading designer of offshore drilling vessels. The platforms are designed to drill at water depths of 2,400 meters and 2,000 meters, respectively. The shipbuilding contracts were awarded to Yantai Raffles Shipyard (YRS) for the construction of the vessels at its yard in Yantai, China. YRS facilities, comprises one of Asia’s largest dry docks. The rigs are expected to be built, mobilized and placed under contracts with Petrobras by 2009 and 2010. The operational base for the new rigs will be Schahin’s base in Macaé. Schahin has operated in Macaé since January 1988. This base provides support for its operations carried out in the Campos Basin, where it currently operates the Drill Ship SC Lancer. Equipment and disposable parts are stored at the base, which also carries out jobs and repairs of parts required for the rigs’ operation.