Diamond Offshore Drilling, Inc. announced that it received notification of award of a new drilling program with Petrobras in Brazil for the Ocean Courage. The Ocean Courage was awarded a four-year project with an unpriced option for an additional four years. The total estimated value of the firm term of the award is approximately $429 million, including a mobilization fee and the provision of certain additional services.

The new contract is expected to be signed imminently and commence late in the fourth quarter of 2023 after conclusion of the rig's current contract and new contract preparations.