Petrobras is reportedly looking to stop renting a drillship from engineering conglomerate Grupo Schahin.
The move could mark a potential blow for Schahin’s restructuring plan.
The Brazilian state-owned firm has notified Schahin about the potential rescission.
The Vitoria 100 is Schahin’s last drillship still operating and rental proceeds were included as collateral in Schahin’s restructuring plan.
According to reports, the drillship is one of the many under investigation in a sweeping corruption probe of Petrobras and Brazil’s main political parties.
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