Brazil sees silver lining in BP spill: more rigs | Reuters
Fri Jun 11, 2010 1:53pm EDT
* Brazil may pick up rigs idled on moratorium
* Could help the country's offshore campaign
* Deep water rigs in tight supply around the world
By Brian Ellsworth and Joshua Schneyer
RIO DE JANEIRO, June 11 (Reuters) - Brazil could benefit
from the BP Gulf of Mexico spill as a U.S. moratorium on
offshore drilling boosts available rigs for the country's deep
water oil exploration program.
Even as an ecological catastrophe makes the future of U.S.
offshore drilling less certain, Brazil is plowing ahead with a
$220 billion five-year plan to tap oil fields even deeper than
BP's (BP.L) ill-fated Gulf well, which is still leaking crude.
With an estimated 35 rigs idled in the Gulf of Mexico,
Brazil is already receiving inquiries from companies looking to
move their rigs here, where vast discoveries in recent years
may soon turn the country into a major crude exporter.
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