CATEGORIZED | News

Transocean ultra-deepwater semi nabs Petrobras contract

Posted on 28 July 2009

 Transocean announced on 20 July that Petrobras has approved the award of a three-year contract for the ultra-deepwater semisubmersible rig Cajun Express for operations in Brazil. The rig is currently working in the US Gulf of Mexico for Chevron.

 The Cajun Express will work for Petrobras offshore Brazil.

Petrobras has the right within one year of contract execution to convert the three-year contract to a five-year contract. Estimated revenues related to the three-year term and five-year term, if elected, are approximately $558.5 million and $894.3 million, respectively, depending on the date of execution of conversion.

The contract is expected to commence in the first quarter of 2010 following completion of the rig’s current contract.

Leave a Reply

*

FEATURED MICROSITES


Recent Drilling News

  • 26 February 2015

    JDC inaugurates Hakuryu 12 jackup, looks to growth in Middle East, Myanmar and Russia

    The Japanese word “hakuryu” means “white dragon.” In Asia, dragons are strongly associated with oceans. They also represent power and blessings...

  • 16 February 2015

    Steven Newman steps down as Transocean President, CEO

    Transocean announced that Steven Newman and the Board of Directors have mutually agreed that he will step down as President and CEO, effective 16 February 2015...

  • 11 February 2015

    Video: WADI program arms young talent with skills to succeed in drilling industry

    As the drilling industry’s aging workforce continues to retire, a new generation of employees is needed to fill vital roles. To address this challenge, IADC’s Workforce...

  • 11 February 2015

    Scandrill’s Scan Vision rig designed with safety, efficiency in mind

    After 22 weeks of construction and a $20 million investment, Scandrill christened the Scan Vision rig on 27 January at the company’s Tyler, Texas, facility...

  • 11 February 2015

    Video: Proper fitness-for-duty evaluations can reduce medical evacuations

    Effective fitness-for-duty evaluations can help reduce the number of medical evacuations from drilling rigs, as a large portion of those evacuations are due to illness...

  • Read more news