QGOG Constellation S.A. Announces Postponement of Initial Public Offering

Thu Feb 7, 2013 10:09pm EST

* Reuters is not responsible for the content in this press release.

http://pdf.reuters.com/htmlnews/8knews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20130208:nBw076781a

LUXEMBOURG--(Business Wire)--
QGOG Constellation S.A. ("QGOG Constellation"), a Brazilian-controlled provider
of offshore and onshore oil and gas contract drilling and FPSO services in
Brazil, today announced that, due to market conditions, it has decided to
postpone its previously-announced initial public offering of common shares at
this time. 

This press release shall not constitute an offer to sell or a solicitation of an
offer to buy, nor shall there be any sale of these securities in any state or
jurisdiction in which such an offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of any such
state or jurisdiction. 

About QGOG Constellation 

QGOG Constellation is a market leading Brazilian-controlled provider of offshore
and onshore oil and gas contract drilling and FPSO services in Brazil through
its subsidiary Queiroz Galvão Óleo e Gás S.A. ("QGOG"). It also provides
chartering of offshore and onshore drilling rigs. With continuous operations
since 1981, QGOG has built an unmatched reputation for excellence in offshore
and onshore drilling services, obtaining ISO 9001, ISO 14991 and OHSAS 18011
certification for its quality management, environmental and safety records and
systems.

Media Relations:
MBS Value Partners
Farrell Kramer, +1-212-710-9685
farrell.kramer@mbsvalue.com
or
Investor Relations:
+ 352 20 20 2401
ir@qgogconstellation.com

Copyright Business Wire 2013