Houston-based offshore drilling company Diamond Offshore has confirmed it has been awarded a four-year deep-water campaign with Petrobras offshore Brazil.

Diamond in its third-quarter report said it had received notification of award from Petrobras of the new programme for the semi-submersible Ocean Courage.

The total estimated value of the firm term of the award is $429 million, including a mobilisation fee and the provision of certain additional services.

The Ocean Courage also received an unpriced option for an additional four years.