April 21, 2014 3:46 AM ET

Energy Equipment and Services

Company Overview of Queiroz Galvão Óleo e Gás S.A.

Company Overview

Queiroz Galvão Óleo e Gás S.A. provides onshore and offshore oil well drilling services in Brazil. The company engages in the operation of six submersible offshore, nine land, four conventional, and five helicopter-transportable drilling rigs. It also operates floating production, storage, and offloading vessels. Queiroz Galvão Óleo e Gás S.A. was formerly known as Queiroz Galvão Perfurações S.A and changed its name to Queiroz Galvão Óleo e Gás S.A. in 2006. Queiroz Galvão Óleo e Gás S.A. was founded in 1980 and is headquartered in Rio de Janeiro, Brazil. Queiroz Galvão Óleo e Gás S.A. operates as a subsidiary of QGOG Constellation S.A

Av Presidente Antonio Carlos

51 - 5º, 6º e 7º andares

Centro

Rio de Janeiro, RJ 20020-010

Brazil

Founded in 1980

Phone:

55 21 3231 2500

Fax:

55 21 2262 3020

Key Executives for Queiroz Galvão Óleo e Gás S.A.

General Director
Age: 58
Financial Director
Operations Director
Commercial Director
Executive Officer and Director
Age: 57
Compensation as of Fiscal Year 2013.

Queiroz Galvão Óleo e Gás S.A. Key Developments

Queiroz Galvão Óleo e Gás S.A. Presents at Credit Suisse Latin America Investment Conference, Feb-04-2014 02:00 PM

Queiroz Galvão Óleo e Gás S.A. Presents at Credit Suisse Latin America Investment Conference, Feb-04-2014 02:00 PM. Venue: São Paulo, São Paulo, Brazil. Speakers: Leduvy Gouvea, CEO.

QGOG Constellation S.A. and Queiroz Galvão Óleo e Gás S.A. Signs Contracts for FPSOs, Cidade de Maricá and Cidade de Saquarema

QGOG Constellation S.A. announced that Queiroz Galvão Óleo e Gás S.A., together with its partners signed contracts for the twenty year charter and operation of two FPSOs, Cidade de Maricá and Cidade de Saquarema, with the Consortium BM-S-11, operated by Petrobras (65%), BG E&P Brasil Ltda. (25%), and Petrogal Brasil S.A. (10%). The FPSOs will be owned and operated by a Joint Venture company formed by QGOG, SBM Offshore, Mitsubishi Corporation and Nippon Yusen Kabushiki Kaisha. Both units will operate in Lula field in the Santos Basin pre-salt area offshore Brazil and will have similar specifications to FPSO Cidade de Ilhabela, with a daily oil production capacity of 150,000 barrels per day (bbl/d) and gas production capacity of 6.0 million cubic meters per day (m(3)/d). Planned delivery for FPSOs Cidade de Maricá and Cidade de Saquarema is expected respectively by end 2015 and early 2016. The total contract value for which the Joint Venture company will acquire the two FPSOs is approximately $3.5 Billion.

Queiroz Galvão Óleo e Gás S.A. and BW Offshore do Brazil Ltda. Begin Operations for the PAPA TERRA FPSO (P-63)

QGOG Constellation S.A. announced that Queiroz Galvão Óleo e Gás S.A. (QGOG), together with BW Offshore do Brasil Ltda., began providing operational services to the PAPA TERRA FPSO (P-63) on June 18, 2013. The unit is owned by Papa-Terra BV and was built by a joint venture formed by QUIP and BW Offshore. The FPSO-63 will soon be mobilized to Papa Terra field in the Campos Basin. The field is operated by Petrobras, together with Chevron, and is located 110 kilometers off the Brazilian cost. QGOG's technical staff assisted in the integration and commissioning of the unit. The operation contract will have a duration of three years. FPSO-63, which has capacity to process 140,000 barrels of oil per day and 1 million cubic meters of gas per day, is one of the most modern FPSOs in the world in terms of heavy oil processing.

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