Petrobras Contracts Two Transocean Drillships

Monday, March 11, 2019
Ocean Rig Corcovado (Photo: Transocean)

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

First Crude from ONE Guyana FPSO Set for Export in August-September

First Crude from ONE Guyana FPSO Set for Export in August-September

OMV Petrom, NewMed Energy to Drill Another Exploration Well in Bulgaria’s Black Sea

OMV Petrom, NewMed Energy to Drill Another Exploration Well in Bulgaria’s Black Sea

Shell Hires Subsea7 for Work at Aphrodite Development off Trinidad

Shell Hires Subsea7 for Work at Aphrodite Development off Trinidad

Current News

FourPhase Nets Shell Contract for its Caribbean Oil and Gas Platforms

BV Leverages AI on Next-gen Augmented Surveyor 3D

Hai Long Offshore Wind Project in Taiwan Produces First Power

JDR Wraps Up Type Test Qualification of Next-Gen Offshore Wind Cables

Subscribe for OE Digital E‑News

Offshore Engineer Magazine