Fossil Energy – Brazil
Deepwater drilling contractor Transocean said Wednesday it had secured contracts worth $1.04 billion in total for two of its ultra-deepwater drillships.
The contracts are for the ultra-deepwater drillships, the Deepwater Corcovado and the Deepwater Orion, which Transocean acquired in 2018, by buying the drilling contractor Ocean Rig.
Transocean said that under the contract, the ultra-deepwater contracts will work in Brazil for a national oil company.
The Deepwater Corcovado was awarded a four-year contract. According to Transocean, the Orion contract will contribute an estimated $583 million in backlog. The new contract is expected to begin in the third quarter of 2023 in direct continuation of the rig’s current contract.
The Deepwater Orion was awarded a three-year contract, which will add about $456 million to Transocean’s backlog. It will start its contract in the fourth quarter of 2023.