Brazil's Petrobras faces $34 million cost as drillship sits idle in Foz do Amazonas

Core Viewpoint - Petrobras, the Brazilian state-run oil firm, has incurred costs of 180 million reais (approximately $33.7 million) to maintain a drillship on standby in the Foz do Amazonas basin [1] Company Summary - Petrobras has faced significant financial burdens due to the standby costs associated with the drillship [1] - The costs are reported by a company source and a local union, indicating potential operational challenges within Petrobras [1] Industry Summary - The situation highlights the financial implications of maintaining drilling operations in the Foz do Amazonas basin, which may affect the broader oil and gas industry in Brazil [1]