Edited Transcript of RIG earnings conference call or presentation 30-Apr-20 1:00pm GMT [Yahoo! Finance News]
Petroleo Brasileiro S.A.- Petrobras American Depositary Shares (PBR.A)
US:NYSE Investor Relations:
investidorpetrobras.com.br/en
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Source: Yahoo! Finance News
As reported in yesterday's earnings release, for the first quarter, Transocean generated adjusted EBITDA of $235 million on $807 million in adjusted revenue, while revenue efficiency for the quarter fell just short of our guidance of 95%, primarily attributable to our Norwegian operations. Lower-than-guided costs across the enterprise enabled us to deliver adjusted EBITDA results that exceeded our expectations. These results are reflective of our first full quarter of operations from the Deepwater Corcovado and Deepwater Mykonos, which both commenced multiyear campaigns with Petrobras in Brazil during the fourth quarter of last year.Also in the first quarter, the Deepwater Asgard committed her new contract with Beacon Offshore Energy in the U.S. Gulf of Mexico. With Beacon already exercising the first 2 options, she is now contracted to work into the fourth quarter of this year. The Transocean leader started the campaign with Premier in the U.K. in March and is scheduled to remain on
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