Petrobras Contracts Two Transocean Drillships

Monday, March 11, 2019

Offshore drilling contractor Transocean announced Monday that two of its ultra-deepwater drillships have been contracted by Petrobras for work offshore Brazil.

The two drillships, Ocean Rig Corcovado and Ocean Rig Mykonos, are expected to commence work in November 2019 for respective 629-day and 550-day contracts. The awards include priced options for 680 days and 815 days, respectively.

The estimated firm contract backlog, excluding mobilization, is approximately $123 million and $118 million, respectively, Transocean 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," said Transocean president and CEO, Jeremy Thigpen.

"These contracts further solidify our long-standing partnership with Petrobras, and will expand our rig operations in the strategically important market of Brazil." Thigpen added. "With three rigs operating in the region, we intend to benefit from efficiencies that can only be derived from building scale in this market."

Categories: Contracts Drilling Industry News Activity South America Drillships

Related Stories

Total Fined for North Sea Chemical Discharge

PGNiG Buys Into Duva Field

Lukoil Scans for Treasures Ahead of Oil Exploration

Second Turkish Drillship Arrives off Cyprus

New Platform Loaded Out for Vladimir Filanovsky

Aker BP Makes Oil Discovery off Norway

New Tech Enables Pipeline NDT on Producing Platforms

With New Boss, It's Time NNPC Walked the Talk

Video: Fenja Manifold Lift

Near Miss on the Terra Nova FPSO

Current News

North Sea Capital Making Inroads

US Gulf Production Restarting After Barry

Two Groups Bid in Israel's Offshore Tender

Expro to Supply IRS Offshore Mauritania

New Platform Loaded Out for Vladimir Filanovsky

PGNiG Buys Into Duva Field

MacGregor Cleared to Buy TTS Unit

German North Sea Wind Power Output Rising

Inpex Wins Offshore Australia Block

Hurricane Energy Spuds Lincoln Crestal

Subscribe for OE Digital E‑News

OE Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week