Constellation Oil Services awarded $170M contract with Petrobras for jackup rig deployment in Brazil

Constellation Oil Services Holding S.A. announced a new contract with Petroleo Brasileiro S.A. (Petrobras) for the deployment of the Admarine 511 jackup drilling rig, owned by ADES Holding Company, for a plug and abandonment campaign in Brazilian basins. The contract is valued at USD 170 million and is expected to create about 100 direct new jobs.

“Constellation Oil Services Holding S.A. announced the award of a new contract with Petroleo Brasileiro S.A. for the deployment of the Admarine 511 - a jackup drilling rig owned by its commercial partner, ADES Holding Company, which will be used for a campaign of Plug and Abandonment (P&A) of wells a”marketscreener.com

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• marketscreener.comConstellation Oil Services Holding S.A. Announces the Award of A New Contract with Petroleo Brasileiro S.A. for the Deployment of One Jackup Unit - Admarine 511MarketScreenerMar 29, 2025

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