ODN I at Petrobras

Foresea has secured a long-term contract with Petrobras to operate the drillship ODN I offshore Brazil, adding about $465 million to its backlog. The agreement covers a 1,443-day campaign in the Mero Field, with operations expected to start in 2027 after the unit’s current contract ends.

The deal includes early termination and extension options. The award highlights strong demand for high-spec rigs in Brazil, where Petrobras continues expanding pre-salt developments to support production growth.