# Transocean secures $1.04B in drillship contracts with Petrobras offshore Brazil

Transocean secured two contracts with Petrobras for drillships Deepwater Corcovado (4-year, ~$583M) and Deepwater Orion (3-year, ~$456M) offshore Brazil, starting in H2 2023.

- Type: Contract
- Announced: 2022-12-13
- Where: offshore Brazil, Brazil
- Value: $1.04B
- Status: announced
- Products: ultradeepwater drilling services
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Transocean](https://endata.com/companies/762.md)
- [Petrobras](https://endata.com/companies/2820.md) (customer)

## Sources

- [jpt.spe.org](https://jpt.spe.org/drillship-duo-nets-1-billion-commitment-from-petrobras), 2022-12-13: "Together the two contracts represent around $1.04 billion in firm backlog, according to the contractor."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.