Deepwater Corcovado, Deepwater Mykonos Contract Extensions
Transocean Ltd. (NYSE: RIG) 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.
Information Source: Read Full Report ……..
Submitted by: Press release