Transocean Ltd. introduced at this time that Petrobras awarded two of the Company’s ultra-deepwater drillships, the Ocean Rig Corcovado and Ocean Rig Mykonos, with a 629 day contract and 550 day contract, respectively. The estimated agency contract backlog, excluding mobilization, is roughly $123 million and $118 million, respectively. The rigs are anticipated to begin work in Brazil in November 2019 and the contracts embody priced choices for 680 days and 815 days, respectively.
“We are more than happy to have so shortly secured contracts for the Mykonos and Corcovado, two of the high-specification ultra-deepwater drillships acquired as a part of the Ocean Rig transaction final December,” mentioned President and Chief Executive Officer Jeremy Thigpen. “These contracts additional solidify our long-standing partnership with Petrobras, and can develop our rig operations within the strategically necessary market of Brazil. With three rigs working within the area, we intend to profit from efficiencies that may solely be derived from constructing scale on this market.”
The two Samsung S10000E ultra-deepwater drillships delivered in 2011 in South Korea are at present prepared stacked in Las Palmas Gran Canaria.
Transocean and Ocean Rig UDW Inc. entered right into a definitive merger settlement in September 2018. The acquisition of Ocean Rig UDW by Transocean was accomplished in December 2018.
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