RIO DE JANEIRO (Dow Jones) -- Brazilian oil giant Petroleo Brasileiro SA (PBR, PETR4.BR), or Petrobras, denied reports that the process for contracting oil-well drilling ships in Brazil is behind schedule, local Estado newswire said Tuesday.
Contracting will proceed in line with planned delivery schedules which can still be met, Estado said, citing Chief Executive Officer Jose Sergio Gabrielli. Gabrielli was speaking during an event in Rio de Janeiro.
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Source: The Wall Street Journal
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