During the quarter, the Company strengthened its long‑term cash flow visibility with approximately $615 million of backlog additions, bringing total backlog to nearly $1.9 billion and fully contracting its owned fleet through the fourth quarter of 2027. Foresea also successfully completed the Norbe IX SPS – one of the key operational priorities for the year – after which the rig commenced its new three‑year contract.
Amendments of Contract with Petrobras add $150 million to backlog
Foresea announces that it has amended some of existing contracts with Petrobras covering part of its owned fleet operating in Brazil. These amendments add approximately US$150 million to the Company’s backlog, primarily driven by contract extension and commercial negotiations
New Contract for ODN I adds $465 million of Backlog
Foresea announces that it has been awarded a new contract with Petrobras to operate the ultra-deepwater drillship ODN I for a 1,443-day period offshore Brazil, adding approximately $465 million of backlog.
Foresea Holding S.A. informs its investors and the market in general that the Board of Directors approved an extraordinary interim distribution of $5.00 per share issued by the Company, on its Class A, B and C shares, equivalent to $150,331,365.00 as of today.
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