PETREVEN INITIATES OIL DRILLING ACTIVITIES IN BRAZIL
November 5, 2012
TREVI Group, through the Petreven division, specialized in the oil drilling services, has initiated with success the drilling activities in Brazil on behalf of the oil company Petra Energia.
The drilling activities for exploration & production will be carried out with the Drillmec series HH-220 ton (1200HP) Full Automatic drilling rig called "Hyper 1" and will operate in the concession area of Sao Francisco in the state of Minas Gerais.
The assembly operations, testing and rig-up have been completed in last weeks and the drilling activities have been initiated following the rigorous safety checks.
This technologically innovative rig, with high mobile capacity to quickly move from area to area, will operate on a very large concession area that extends on a total surface of 143,231 square kilometers (the largest exploration area of the country). The oil drilling activities for exploration require to reach a targeted depth of about 3,500/3,600 meters.
The CEO of TREVI Group Cesare Trevisani commented: "The start of the oil drilling activities signals the Group’s entrance in the Brazilian Oil & Gas market. TREVI Group with this important contract can offer to the market the most advanced oil drilling rigs manufactured by Drillmec and at the same time the historical know-how of the Petreven division. It is the combination of two strategically advanced divisions in their sector at the service of an end customer who demands the highest quality standards. We are pleased to be a partner of this strategic framework agreement with Petra Energia and we are confident of a successful future together".