The Etesco Takatsugu J – NS38 rig was rehired by Brazil's largest oil company, Petrobras, and its contract was extended for another 3 years

Etesco Drilling Services celebrates a three-year contract extension with Petrobras for the drilling rig Etesco Takatsugu J, built in 2011. The contract, which was due to expire in April 2022, was extended until April 2025.

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The rig's per diem during this extension will be reduced to around US$230, according to Petróleo Hoje. Initially, Petrobras paid US$460 per day, according to VesselsValue, but reduced the contract value to US$330 per day after negotiations began in the second half of 2020.

The deal was signed earlier this month and should see drilling operate exclusively on the Búzios project during the extension period. Etesco Takatsugu J has been working at Petrobras since February 2012. It is currently the only rig operated by Etesco in Brazil.

Petrobras also recently extended a deadline with Transocean to drill the Petrobras 10000. The deal is for two years, with Petrobras reportedly paying $300 a day.

Etesco press release

“We are pleased to inform you that the Etesco Takatsugu J – NS38 rig has been re-contracted by Petrobras and its contract has been extended for another 3 years.
The contract that expired in April 2022 was renewed until April 2025,” said the company on its social network.

“Etesco thanks all its employees for yet another achievement and counts on everyone's hard work for this challenge of keeping the Etesco Takatsugu J – NS38 rig among the best rigs in the country”, concludes Etesco.