Brazil's Petrobras cancels five drill rigs from Ocean Rig
SAO PAULO Nov 29 (Reuters) - Brazil's state-led oil company Petrobras cancelled on Thursday an order for five drill ships from Ocean Rig Group, according to a securities filing, saying it needed to drill fewer wells in the Santos Basin than originally expected.
In February, Petrobras agreed to lease five offshore drill rigs from Ocean Rig for $548,000 a day over a 45- to 90-month period as part of $225 billion expansion plan aimed at tapping vast oil reserves recently discovered off Brazil's coast.
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