In January, 1980, during the second world oil crisis, Queiroz Galvão Óleo e Gás S.A. (QGOG), at that time called Queiroz Galvão Perfurações, was founded. Since its inception, the Company has overcome significant challenges as it followed the growth and development of the oil and gas drilling services sector in Brazil. See our timeline:

 

The Foundation

Constituted Queiroz Galvão Perfurações S.A, currently Queiroz Galvão Óleo e Gás S.A. (QGOG). The Company launched its first base in Maceió (State of Alagoas in Brazil).

The Beginning of the Onshore Activities

Both QG-I and QG-II start up operations. The Company drilled several wells for Petrobras in the States of Alagoas and Sergipe.

Onshore Operations Expansion

Queiroz Galvão Óleo e Gás won another bid of Petrobras to operate a helitransportable rig in the Amazon Region, the QG-III, purchased in Singapore.

QGOG launched Manaus base to provide support to operations in the Amazon region.

The Beginning of the Offshore Activities

QGOG commenced the semisubmersible drilling operation rig, Alaskan Star, contracted by Petrobras to operate in Campos Basin.

New Onshore Rig Started up Operations

The heli-transportable rig QG-IV, purchased in Australia, arrived in Manaus to operate on behalf of Petrobras in the Amazon Region.

QGOG created the exploration and production sector*

*After the successful track record of the E&P department, QGOG split the oil services business and the exploration & production operations into two separate companies. As a result, the foundation of Queiroz Galvão Exploração e Produção (QGEP) in 2010.

The Expansion of Offshore Drilling Activities

QGOG commenced the semisubmersible mid water rig - Atlantic Star operation, in the Campos Basin.

The Consolidation of Offshore Drilling Activities

The Company commenced operations in its own support base in Macaé, being consolidate as offshore drilling services provider as well as an onshore drilling services provider.

Expanding for Ultra-deepwater Drilling and the Beginning of Production (FPSO) Activities

As a reflection of QGOG business diversification Queiroz Galvão Perfurações S.A. was renamed as Queiroz Galvão Óleo e Gás S.A..

QGOG won the bids to operate two ultra-deepwater and one deepwater rig to Petrobras: Gold Star, Lone Star and Olinda Star, respectively.

QGOG started to execute the strategic partnership with SBM Offshore NV through the FPSO Capixaba, which started operating at the Golfinho´s Field.

Onshore: The Biggest drilling Capacity in Brazil

Built in China, the onshore rigs QG-VI and QG-VII* arrived in the Amazon Region to operate on behalf of Petrobras.

*At that time, they were considered to be the most modern onshore rigs with the biggest drilling capacity in Brazil.

Breaking the Deepwater Barrier

After an upgrade, the Olinda Star turned to be the platform anchored to the deep waters of the most modern country and start the QGOG´s deepwater drilling activities.

Gold Star, QGOG´s first dynamic positioned UDW* semisubmersible rig positioned, was named and delivered by Keppel Fels in Singapore.

Also in Singapore, the construction of Alpha Star began. Alpha Star was a similar project to the Gold Star.

*UDW – ultra-deepwater

30-year History: The Beginning of Ultra-deepwater Operations.

Continuous 30-year track record in the Brazilian oil and gas sector.

Gold Star arrived in Brazil and started operations in pre-salt at Santos Basin.

Lone Star, QGOG´s second dynamic positioned UDW** semisubmersible rig, was named and delivered in Abu Dhabi.

After an upgrade, in the Baleia Franca reservoir located in the Espirito Santo Basin, the FPSO Capixaba was responsible for the first continuous oil production in the Brazilian pre-salt region.

New Projects: the construction of 3 helitransportable onshore rigs (QG-V, QG-VIII e QG-IX) began in China.

New Projects: the construction of two drillships started in South Korea.

Construction of two FPSOs, in partnership with SBM and BWO, started: Cidade de Paraty e Papa-Terra***, respectively.

Private Placement CIPEF // Spin-off Queiroz Galvão Exploração e Produção (QGEP)***

Alaskan and Atlantic Star were upgraded in BrasFels, Brazil.

*UDW – ultra-deepwater
**QGOG and BWO would jointly provide assisted operation of Papa Terra FPSO on behalf of Petrobras.                                       ***After the successful track record of the E&P department, QGOG splits the oil services business and the exploration & production operations into two separate companies. As a result, Queiroz Galvão Exploração e Produção (QGEP) is founded in 2010.

Growth in the Number of Assets

Alpha Star, QGOG´s third dynamic positioned UDW* semisubmersible rig, iwas named and delivered by Keppel Fels in Singapore.

The helitransportable rigs QG-V, QG-VIII e QG-IX, which were built in China, arrived in the Amazon to operate in remote regions.

The onshore rigs QG-II and QG-I overcame the safety index within five and four years, respectively, without any lost time incidents (LTI).

The offshore support base was moved to an improved and better facility in Rio das Ostras. Rio das Ostras base had more than 46,000 m2 and is 60% bigger than the old one.

*UDW – ultra-deepwater

New projects

Delivery of Amaralina and Laguna Star Ultra-deepwater drillships by Samsung.

Signed 3 new UDW offshore rig contracts in partnership with Sete Brasil.

Signed new FPSO, named Cidade de Ilhabela, contract in partnership with SBM.

New projects

Start of operations of FPSO Cidade de Paraty and FPSO P-63 (Papa-Terra).

New projects

Start of operations of FPSO Cidade de Ilhabela.

New projects

Delivery of Brava Star, the latest generation of ultra-deepwater drillships. The third to be operated by the company.

 
Last Update: October 24, 2012