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Transocean secures Petrobras extension for Deepwater Corcovado

Transocean was awarded a 1,156-day contract extension for the Deepwater Corcovado drillship with Petrobras in direct continuation of its current activity, committing the rig through November 2030. The extension is expected to contribute approximately $445 million in incremental backlog. Prior to the start of the extension period, from 1 April 2026 until the commencement of …

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