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Petrobras Expands Contract for Two Transocean Drillships, Increasing Its Order Book by $297 Million

Written by Paulo Nogueira

Published on 19/11/2020 at 12:36

Oil and Gas

Deepwater Mykonos/ Fonte – Transocean

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Offshore Drilling Contractor Transocean Obtained Contract Extensions for Two of Its Drill Ships Working for Petrobras

Transocean said on Wednesday (18) that Petrobras exercised a pre-existing fixed-price option of 680 days for the Deepwater Corcovado, and a pre-existing fixed-price option of 815 days for the drill ship Deepwater Mykonos.

Together, these contract extensions add approximately US$ 297 million to Transocean’s backlog. Both rigs will continue operating in Brazil and are subject to annual indexing escalations of daily rates. The initial contracts for the two drill ships were awarded in March 2019.

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Paulo Nogueira

Graduated in Electrical Engineering from one of the country's technical education institutions, the Instituto Federal Fluminense - IFF (formerly CEFET), he worked for several years in the offshore oil and gas, energy, and construction sectors. Today, with over 8,000 publications in online magazines and blogs on the energy sector, the focus is to provide real-time information on the Brazilian job market, macro and microeconomics, and entrepreneurship. For questions, suggestions, and corrections, please contact us at informe@clickpetroleoegas.com.br. Please note that we do not accept resumes at this contact.

Petrobras Expands Contract for Two Transocean Drillships, Increasing Its Order Book by $297 Million

Offshore Drilling Contractor Transocean Obtained Contract Extensions for Two of Its Drill Ships Working for Petrobras

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