Two Transocean drillships win long-term contracts offshore Brazil

Petrobras has awarded the Transocean Ltd. ultra-deepwater drillships Ocean Rig Corcovado and Ocean Rig Mykonos a 629-day contract and 550-day contract, respectively.

Ultra-deepwater drillship Ocean Rig Corcovado
Ultra-deepwater drillship Ocean Rig Corcovado

Offshore staff

STEINHAUSEN, SwitzerlandPetrobras has awarded the Transocean Ltd. ultra-deepwater drillships Ocean Rig Corcovado and Ocean Rig Mykonos a 629-day contract and 550-day contract, respectively.

The estimated firm contract backlog, excluding mobilization, is about $123 million and $118 million, respectively. The rigs are expected to start work in Brazil in November 2019, and the contracts include priced options for 680 days and 815 days, respectively.

President and CEOJeremy Thigpen said: “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…

“Withthree rigs operating in the region, we intend to benefit from efficiencies that can only be derived from building scale in this market.”

03/11/2019

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