Transocean secures $425M net backlog from Petrobras for Deepwater Corcovado extension through Nov 2030

Transocean Ltd.

Deepwater Corcovado awarded 1,156-day contract extension with Petrobras, adding ~$445M in incremental backlog.
Existing backlog reduced by ~$20M from April 1, 2026 to September 2027 (525 days) before new contract starts.
Net backlog addition of ~$425M; rig committed through November 2030.
Extension in direct continuation of current activity.

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