Petrobras 10000 gains extension offshore Brazil

Petrobras has awarded the Transocean ultra-deepwater drillship Petrobras 10000 a 790-day contract extension.

Offshore staff

STEINHAUSEN, SwitzerlandPetrobras has awarded the Transocean ultra-deepwater drillship Petrobras 10000 a 790-day contract extension offshore Brazil.

The contract is extended through October 2021 and includes a blend and extend modification to the previous contract day rate, effective September 2018. The additional net contract backlog is about $185 million, including cost escalations.

Additionally, Transocean will receive a 5% royalty per day, totaling approximately $16 million, estimated to be from October 2018 to October 2021 associated with the use in Brazil of the company’s patented dual-activity technology on thePetrobras 10000.

09/28/2018

More in Drilling & Completion