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Petrobras Offshore Spending Spree Fuels Rally in Oil-Rig Bonds

Petrobras Offshore Spending Spree Fuels Rally in Oil-Rig Bonds
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Petrobras ambitious drilling plans offshore Brazil fuel rally in oil rig bonds

Petrobras expects to require 280 new wells through 2028, and refurbish or plug another 700 wells, it said in an emailed response to questions. The company said the market for day rates is dynamic and that it will review pricing when hiring new rigs.

Petrobras Offshore Spending Spree Fuels Rally in Oil-Rig Bonds

Petrobras Offshore Spending Spree Fuels Rally in Oil-Rig Bonds
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