When you can’t post from a source just do a quick rewrite and summary.
Petrobras is Brazil’s state-controlled oil company.
It has rented 80% of the entire worlds offshore drilling rigs.
They are searching for oil in their new oil discovery area, the largest found in many years. They are rentting rigs that can search in depths of at least 9800ft.
This activity has caused the rental price of remaining drilling rigs to skyrocket.
Good for Petrobras.
They use the services of many U.S. Oil fiend service companies and they will likely come in with a big find.