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Transocean Announces Deepwater Contract Extensions

Source: www.gulfoilandgas.com 11/18/2020, Location: South America

Transocean Ltd. has announced that Petrobras has exercised a 680-day preexisting, fixed price option for the Deepwater Corcovado, and a 815-day preexisting, fixed price option for the Deepwater Mykonos. Together these contract extensions add approximately $297 million to Transocean’s industry leading backlog. Both rigs will continue to operate in Brazil and are subject to annual indexed dayrate escalations.

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