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    1. Drilling & Completion

    Two Transocean drillships receive extensions offshore Brazil

    Nov. 18, 2020
    Petrobras has exercised a 680-day preexisting, fixed price option for Transocean’s drillship Deepwater Corcovado, and an 815-day preexisting, fixed price option for the drillship Deepwater Mykonos.
    (Courtesy Transocean)
    The drillship Deepwater Corcovado.
    The drillship Deepwater Corcovado.

    Offshore staff

    STEINHAUSEN, Switzerland – Petrobras has exercised a 680-day preexisting, fixed price option for Transocean’s drillship Deepwater Corcovado, and an 815-day preexisting, fixed price option for the drillship Deepwater Mykonos.

    Together these contract extensions add about $297 million to Transocean’s backlog.

    Both rigs will continue to operate in Brazil and are subject to annual indexed day rate escalations.

    11/18/2020