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Diamond Offshore awarded a contract for a new drilling program with Petrobras

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Diamond Offshore has announced that they have been awarded a contract for a new drilling program with Petrobras in Brazil for the drilling jack-up vessel Ocean Courage. Diamond Offshore was awarded a four-year contract with an option to extend the contract for an additional four years. The total estimated value of the firm contract term is approximately $429 million, including a mobilization fee and the provision of certain other services. The new contract is expected to be signed shortly and to commence late in the fourth quarter of 2023, following the termination of the current contract and preparation of the new contract.

“This award is a testament to the exceptional performance of our crews and allows Diamond to continue serving the world’s largest operator of deepwater drilling rigs. This program is in addition to the $1.6 billion of backlog we reported as of October 1, 2022.”

Bernie Wolford, Jr., Chief Executive Officer of Diamond Offshore
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