Financial Wire

Transocean Adds $445 Million Backlog With Petrobras Drillship Deal

-- Transocean (RIG) said Tuesday it secured about $445 million in additional backlog after extending a drillship contract with Petrobras (PBR) through November 2030.

The company said its Deepwater Corcovado rig received a 1,156-day extension from Petrobras, allowing it to continue its current work and adding significant long-term revenue visibility.

Before the new contract begins in September 2027, backlog will decline by about $20 million over a 525-day period starting in April 2026, partially offsetting the total increase, according to the company.

Price: $6.40, Change: $-0.24, Percent Change: -3.61%

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