Transocean ltd. announces deepwater corcovado, deepwater mykonos contract extensions

Steinhausen, switzerland, nov. 18, 2020 (globe newswire) -- transocean ltd. (nyse: rig) announced today 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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