Transocean Adds $445 Million Backlog with Petrobras Drillship Extension

Transocean's Deepwater Corcovado secures $445m extension

Transocean has secured a contract extension with Petrobras valued at approximately $445m for its ultra-deepwater drillship Deepwater Corcovado.

Transocean adds $445 million backlog with Petrobras drillship extension

(World Oil) – Transocean has secured a long-term contract extension with Petrobras for its ultra-deepwater drillship Deepwater Corcovado, adding approximately $445 million to the company’s backlog. The 1,156-day extension will begin in direct continuation of the rig’s current work offshore Brazil and is expected to keep the drillship contracted through November 2030. The award reflects continued demand for high-specification ultra-deepwater drill

Transocean secures Petrobras extension for Deepwater Corcovado

Transocean was awarded a 1,156-day contract extension for the Deepwater Corcovado drillship with Petrobras in direct continuation of its current activity, committing the rig through November 2030. The extension is expected to contribute approximately $445 million in incremental backlog. Prior to the start of the extension period, from 1 April 2026 until the commencement of … The post Transocean secures Petrobras extension for Deepwater Corcovado…

Transocean locks in $445m Petrobras drillship extension

Switzerland-based offshore driller Transocean has secured more work in Brazil, with Petrobras extending the contract for its ultra-deepwater drillship Deepwater Corcovado. The 1,156-day extension will run in direct continuation of the rig’s current programme and is expected to add about $445m in backlog, keeping the unit busy through November 2030. There is, however, a short-term …