Offshore drilling contractor Transocean has been awarded contract extensions for 2 of its drillships which have been working for Petrobras.
Transocean stated on Wednesday that Petrobras had exercised a 680-day preexisting, fixed-price possibility for the Deepwater Corcovado, and an 815-day preexisting, fixed-price possibility for the Deepwater Mykonos drillship.
Together these contract extensions add roughly $297 million to Transocean’s backlog.
Both rigs will proceed to function in Brazil and are topic to annual listed day fee escalations.
The preliminary contracts for the 2 drillships had been awarded again in March 2019.
The Deepwater Corcovado was awarded a 629-day contract, whereas Mykonos secured a 550-day contract, plus choices which have now been exercised.
The estimated agency contract backlog was roughly $123 million for the Corcovado and $118 million for the Mykonos.
This isn’t the primary time for the 2 drillships to work in Brazil with Petrobras. Petrobras had additionally used the 2 drillships again in 2012, whereas they had been nonetheless owned by Ocean Rig earlier than it was acquired by Transocean.
The publish Transocean provides $297 million to backlog as Petrobras extends two drillships appeared first on Offshore Energy.