Ultra-Deepwater Drillship Now in Operation in Petrobras
Pre-Salt Oil Field off Brazil
May 16, 2012
Mitsui & Co., Ltd.
Nippon Yusen Kabushiki Kaisha
Kawasaki Kisen Kaisha Ltd.
Japan Drilling Co., Ltd.
Mitsui & Co., Ltd. (head office: Chiyoda-ku, Tokyo;
President: Masami Iijima), Nippon Yusen Kabushiki Kaisha
(head office: Chiyoda-ku, Tokyo; President: Yasumi Kudo),
Kawasaki Kisen Kaisha Ltd. (head office: Chiyoda-ku, Tokyo;
President: Jiro Asakura), and Japan Drilling Co., Ltd.
(head office: Chuo-ku, Tokyo; President: Minoru Murata) are
participating in an ownership consortium for an
ultra-deepwater drillship being used in the provision of
charter services to Petroleo Brasileiro S.A.
("Petrobras"), the Brazilian state-owned
petroleum company. Delivered on December 15, 2011, the
vessel arrived at the drilling area in Brazil on February
4, 2012, and has been under charter to Petrobras since
April 25.
Named "Etesco Takatsugu J," the drillship is the
most advanced of its type in the world. It is capable of
drilling in water depths of 10,000 feet (3,000 meters) and
down to 30,000 feet (9,000 meters) below the seabed. The
first well will be drilled in the Franco SW block in water
approximately 2,000 meters deep about 200 kilometers off
Rio de Janeiro. The area is located in pre-salt fields in
which Petrobras holds an interest.
The drillship is owned by Etesco Drilling Services, LLC, a
company that was established in the United States with the
four Japanese companies holding equity stakes totaling over
85 percent. Etesco Drilling Services will provide vessel
charter services to Petrobras for up to 20 years.
In recent years, there have been numerous discoveries of
large oil and gas fields in pre-salt areas in Brazilian
coastal waters, and there is worldwide interest in these
massive deposits. The region concerned is believed to have
the potential for further development and is a priority
area for Petrobras. Through this business, the four
Japanese companies will contribute to exploration for oil
and gas in the promising fields.
The Drillship "ETESCO TAKATSUGU J" offshore Rio
de Janeiro, Brazil
Reference: Press Release, June 16, 2009
Participation in project for ultra-deepwater drillship to
be chartered by Petrobras for pre-salt exploration
Notice:
This announcement contains forward-looking statements.
These forward-looking statements are based on Mitsui's
current assumptions, expectations and beliefs in light of
the information currently possessed by it and involve known
and unknown risks, uncertainties and other factors. Such
risks, uncertainties and other factors may cause
Mitsui's actual results, financial position or cash
flows to be materially different from any future results,
financial position or cash flows expressed or implied by
these forward-looking statements. These risks,
uncertainties and other factors referred to above include,
but are not limited to, those contained in Mitsui's
latest Annual Securities Report and Quarterly Securities
Report, and Mitsui undertakes no obligation to publicly
update or revise any forward-looking statements.
This announcement is published in order to publicly
announce specific facts stated above, and does not
constitute a solicitation of investments or any similar act
inside or outside of Japan, regarding the shares, bonds or
other securities issued by us.
For inquiries on this matter, please contact
-
Mitsui & Co., Ltd.
Kazuhisa Kawamura
Corporate Communications Division
Telephone: +81-3-3285-7540
Facsimile: +81-3-3285-9819
Kawasaki Kisen Kaisha, Ltd.
Jitsuo Narita
IR & PR Group
Telephone: +81-3-3595-5083
Facsimile: +81-3-3595-5001
-
Nippon Yusen Kabushiki Kaisha
Jiro Tanita
Corporate Communications Group
Telephone: +81-3-3284-5188
Facsimile: +81-3-3284-6382
Japan Drilling Co., Ltd.
Kazuhiro Yoshinaga
Corporate Strategy Planning Dept.
Telephone: +81-3-5847-5862
Facsimile: +81-3-5644-5701
The information contained in this news release is true
and accurate at the time of publication; however, it may
be subject to change without prior notice.
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