Petrobras Extends Charters for Transocean Drillship Duo

November 19, 2020

Transocean Mykonos - Credit: Ana/AdobeStock
Transocean Mykonos - Credit: Ana/AdobeStock

Offshore drilling contractor Transocean has secured contract extensions for two of its 2011-built drillships with Brazil's national oil company Petrobras.

Transocean said Wednesday that Petrobras had exercised a 680-day option for the Deepwater Corcovado drillship, and an 815-day option for the Deepwater Mykonos drillship. Transocean acquired both ultra-deepwater drillships through the acquisition of its rival Ocean Rig in 2018. 

The Swiss-based offshore drilling contactor said that, together, two Petrobras contract extensions added around approximately $297 million to Transocean’s backlog. Transocean’s contract backlog was $8.2 billion as of the October 2020 fleet status report.

"Both rigs will continue to operate in Brazil and are subject to annual indexed dayrate escalations," Transocean said.

AIS data shows that the Deepwater Corcovado is on its way to the Mero field, in the Santos Basin. Also according to AIS, the Deepwater Mykonos arrived in Rio de Janeiro from Las Palmas last Wednesday.

Current News

Keppel Hits Awilco with Another Arbitration Notice, Rig Contract Cancellation

Keppel Hits Awilco with Another Arbitration Notice, Rig Contract Cancellation

Denmark's Offshore Oil Output to Drop Faster than Projected

Denmark's Offshore Oil Output to Drop Faster than Projected

Boskalis Charters Offshore Construction Vessel for Offshore Wind Work in Taiwan

Boskalis Charters Offshore Construction Vessel for Offshore Wind Work in Taiwan

Ørsted to Sell 25% in 1,1GW U.S. Offshore Wind Project to NJ's PSEG

Ørsted to Sell 25% in 1,1GW U.S. Offshore Wind Project to NJ's PSEG

Subscribe for OE Digital E‑News

Offshore Engineer Magazine