Transocean Secures $243M in Ultra-Deepwater Drillship Contract Extensions with Petrobras and bp

Oct. 2 – Offshore drilling contractor Transocean has secured two contract extensions with Petrobras and bp for two of its ultra-deepwater drillships.

In aggregate, the extensions represent approximately $243 million in firm contract backlog.

In Brazil, Petrobras exercised a 30-day option for the Deepwater Mykonos in direct continuation of its firm program.

The extension is expected to contribute approximately $11 million in backlog.

In the U.S. GOM, bp exercised a 365-day option for the Deepwater Atlas in direct continuation of its firm contract.

The extension is expected to contribute approximately $232 million in backlog.