Petrobras has exercised a 680-day preexisting, fixed-price option for the Deepwater Corcovado, and an 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 day rate escalations.

Source: https://www.deepwater.com/

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