RIO DE JANEIRO Aug 13 Brazil's state-led oil
company Petrobras agreed to a $900 million contract
with Brazilian shipbuilder OSX Brasil SA to convert
two oil tankers into floating oil production platforms, OSX said
in a securities filing on Monday.
OSX, controlled by Brazilian billionaire Eike Batista, has
agreed to deliver the first platform in 49 months, just over
four years, and the second platform in five years.
Under the agreement with Rio de Janeiro-based OSX, Petrobras
has an option to convert a third tanker into a platform, known
as a floating production storage and offloading ship, or FPSO.
(Reporting by Jeb Blount; Editing by Gary Hill)