Petrobras Hires Transocean Drillships

Petrobras Hires Transocean Drillships
The total estimated firm backlog for both drillships amounts to more than $240 million.

Petrobras has awarded Transocean Ltd. contracts for two ultra-deepwater drillships, Transocean reported Monday.

According to Transocean, the contracts secure the Ocean Rig Corcovado and Ocean Rig Mykonos for Petrobras for 629- and 550-day periods, respectively. Transocean added that the estimated firm contract backlog – excluding mobilization – amounts to approximately $123 million for the Ocean Rig Corcovado and $118 million for Ocean Rig Mykonos and includes priced options for 680 days and 815 days, respectively.

“We are very pleased to have so quickly secured contracts for the Mykonos and Corcovado, two of the high-specification ultra-deepwater drillships acquired as part of the Ocean Rig transaction last December,” Transocean President and CEO Jeremy Thigpen said in a written statement emailed to Rigzone. “These contracts further solidify our long-standing partnership with Petrobras, and will expand our rig operations in the strategically important market of Brazil. With three rigs operating in the region, we intend to benefit from efficiencies that can only be derived from building scale in this market.”

Transocean noted that the drillships should commence work in Brazil in November of this year.


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