Strictly: Drilling and oil-field services Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Strictly: Drilling and oil-field services

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Gary Burton who wrote (38917)	3/4/1999 1:56:00 PM
From: Big Dog	Read Replies (2) of 95453

Gary -- I don't think that is quite right re Petrobras. Yours truly did the recent FGI semi construction deal with the Brazilian company, and I know that contracts with Petrobras are in two parts. One part is stated in US dollars. The other part, typically about 10% of the day rate is paid in Real's as part of the local operating contract. The contracts are broken in to two parts, the drilling contract and the operating contract (for local services, labor, etc.) It sounded like CXIPY was having trouble with the local services aspect of the contract -- the part paid in Reals. I don't fully understand what their problem was/is however. I don't think drillers will have a problem with Petrobras. big loosbrock.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next