Petróleo Brasileiro SA (Petrobras) notified Diamond Offshore Drilling Inc. of a contract award for the Ocean Courage semisubmersible drilling rig for campaigns in Campos and Santos basins, offshore Brazil, Diamond Offshore said in a release Nov. 7.
Contract duration is for 4 years with an unpriced option for an additional 4 years. Total estimated value of the firm term is about $429 million, including a mobilization fee and provision of certain additional services.
The contract is expected to be signed imminently and commence late in fourth quarter 2023 after conclusion of the rig’s current contract and new contract preparations, the service provider said.
Alex Procyk is Upstream Editor at Oil & Gas Journal. He has also served as a principal technical professional at Halliburton and as a completion engineer at ConocoPhillips. He holds a BS in chemistry (1987) from Kent State University and a PhD in chemistry (1992) from Carnegie Mellon University. He is a member of the Society of Petroleum Engineers (SPE).
