Transocean Announces Contract Extension For Deepwater Corcovado Rig From Petrobras, Expected to Add $445M In Incremental Backlog And Book Rig Through November 2030

Prior to the extension period, from April 1, 2026, until the commencement of the new contract in September 2027 (approximately 525 days), the existing backlog will be reduced by approximately $20 million.