Transocean Announces Ultra-Deepwater Drillship Petrobras 10000 Begins 10-Year Drilling Contract in Angola

Transocean Ltd. (NYSE:RIG) announced today that the newbuild ultra-deepwater drillship Petrobras 10000 has commenced operations in Angola for a subsidiary of Petrobras under a 10-year drilling contract. Transocean has an agreement with the P&M Drilling International B.V. joint venture of Petrobras and Mitsui to acquire the rig under a 20-year capital lease contract.