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Petrobras expected to delay Buzios drilling contracts into 2026 amid global rig slowdown

Petrobras expected to delay Buzios drilling contracts into 2026 amid global rig slowdown

by Offshore Reporter | Nov 25, 2025 | Offshore

Brazil’s Petrobras is likely to postpone awarding up to four drillship contracts for its giant Buzios field until 2026, as the operator reassesses reservoir data and contractors revise bids amid a soft offshore rig market and emerging global oil glut.

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