April 2 – Transocean announced new contracts and extensions adding approximately US$1 billion to its project portfolio, with notable agreements signed with Petrobras.
The Deepwater Orion drillship had its contract extended by 1,095 days with the Brazilian oil company. This extension should add approximately US$420 million to Transocean’s portfolio and will keep the unit contracted until March 2030.
The Deepwater Aquila also had its contract extended with Petrobras for 365 days. The extension is expected to add approximately US$160 million to the backlog and guarantee the unit’s operation until June 2028.
Outside of Brazil, the drilling company announced that it has signed a 1,095-day contract for the Transocean Barents rig with Vår Energi ASA in Norway, with a daily rate of US$450,000, excluding additional services.
Operations are scheduled to begin in mid-2027, with an estimated contribution of approximately US$490 million to the backlog, excluding mobilization and demobilization. The contract also includes options that could extend the unit’s operation in the country until 2034.
Brazil Energy Insight 
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