Transocean has secured a 1,156-day extension from Petrobras for Deepwater Corcovado, adding about $445 million to backlog and keeping the drillship working through November 2030.
Petrobras has approved SEAP I in Brazil’s Sergipe-Alagoas Basin, advancing a more than $12.0 billion offshore oil and gas development supported by two SBM Offshore FPSOs.
Petrobras has reported a new hydrocarbon discovery in block C-M-477 in Brazil’s pre-salt Campos Basin, with laboratory analysis set to assess reservoir conditions and fluid characteristics.
Subsea7 has secured a supermajor contract from Petrobras for the Sépia 2 field in Brazil, covering SURF work for 17 wells and a gas export line in the Santos Basin.
Latin America is gaining appeal for offshore drilling as the Iran war reshapes market risk views, with Constellation Oil Services Holding SA pointing to Brazil as a stable deepwater market.
Petrobras has extended the offshore Brazil assignment for Valaris DS-4 by 1,064 days. The award adds about $447 million to Valaris backlog and keeps the drillship committed through 2030.
Seadrill has secured a $480 million extension for drillship West Polaris with Petrobras, supporting continued work at Brazil’s Búzios field beyond 2028.
Ventura Offshore has secured two contract extensions with Petrobras for SSV Victoria and Atlantic Zonda, adding about $611 million in backlog and extending drilling activity offshore Brazil.
Constellation Oil Services added about $1.1 billion to backlog after renegotiating three rig contracts with Petrobras, extending work for Brava Star, Gold Star, and Alpha Star through 2028 and 2030.
