Transocean Ltd. has received a 680-day preexisting, fixed price option for the Deepwater Corcovado, and an 815-day preexisting, fixed price option for the Deepwater Mykonos from Petrobras on Nov. 18.
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 day rate escalations.
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