The global deep-water drilling giant Transocean has been awarded contracts in Brazil worth $1.04 billion for two ultra-deepwater drillships.
Transocean said its drillships Deepwater Corcovado and Deepwater Orion would work offshore Brazil for a national oil company.
Deepwater Corcovado was awarded a four-year contract, which contributes an estimated $583 million in backlog and is expected to begin in the third quarter of 2023 in direct continuation of the rig’s current contract.
The current contract is with the Brazilian national oil company Petrobras, which has been using the 2011-built rig since December 2019.
Deepwater Orion was awarded a three-year contract, which contributes an estimated $456 million in backlog and is expected to start in the fourth quarter of 2023.
The drillship is currently idle, according to Transocean’s latest Fleet Status Report.