Tuesday, January 29, 2013

IPOs for 2013: QGOG

IPO QGOG Constellation (QGOG) is a Brazilian-controlled provider of offshore oil and gas contract drilling and FPSO services in Brazil. They are one of the ten largest drilling companies globally, as measured by ultra-deepwater and deepwater drilling rigs in operation. QGOG owns and holds ownership interests in a fleet of state-of-the-art offshore and onshore drilling rigs and FPSOs, including nine ultra-deepwater rigs in operation or under construction. They plan to continue their growth strategy through investments in additional premium ultra-deepwater drilling units and FPSOs. QGOG is part of the Queiroz Galvão Group, one of the largest Brazilian conglomerates, and has a strong, long-term relationship with Petrobras.

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