QGOG Constellation, Brazilian Oil & Gas Player, Files For NYSE IPO

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Offshore drill rigA Brazilian oil and gas player has filed to come public in the United States. The company is called QGOG Constellation S.A., and it calls itself a market leading Brazilian-controlled provider of offshore and onshore oil and gas contract drilling and FPSO services in Brazil through its subsidiary Queiroz Galvão Óleo e Gás S.A.

No financial terms have been seen as of yet but QGOG Constellation has applied to list its common shares under the stock ticker of "QGOG" on The New York Stock Exchange.

JP Morgan, Bank of America Merrill Lynch and Itaú BBA will act as the Global Coordinators; the joint book-runners were listed as Credit Suisse and Bradesco BBI.

QGOG Constellation also provides chartering of offshore and onshore drilling rigs and has had continuous operations since 1981.

This company listed some $586.3 million in sales in 2011 and the first nine months of 2012 had sales of $575.9 million. The net income was $111.3 million for the first nine months of 2012 but there was a loss in 2011.


Filed under: 24/7 Wall St. Wire, International Markets, IPOs, Oil & Gas Tagged: QGOG
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