HOUSTON —Diamond Offshore has received notification of award of a new drilling program with Petrobras in Brazil for the Ocean Courage rig.
The Ocean Courage was awarded a four-year project with an unpriced option for an additional four years. The total estimated value of the firm term of the award is approximately $429 million, including a mobilization fee and the provision of certain additional services.
The new contract is expected to be signed imminently and commence late in fourth-quarter 2023 after conclusion of the rig’s current contract and new contract preparations.
