Transocean Drillships Awarded Contracts Totaling Over $200 Million

Transocean Ltd. (RIG) announced on March 11 that Petrobras awarded contracts to the ultra-deepwater drillships Ocean Rig Corcovado and Ocean Rig Mykonos. The contracts are for 629 days and 550 days for approximately $123 million and $118 million, respectively. The contracts also include priced options for 680 days and 815 days, respectively. Transocean is a leading international provider of offshore contract drilling services for oil and gas.


Sonal alerted subscribers about the event at 6:41 am. Transocean opened for regular market trading at $8.27. After rising for the next five trading sessions, the stock closed at $9.01 on March 15 for a gain of 9%.

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