MANAGED PRESSURE DRILLING SYSTEM HAVING WELL CONTROL MODE

A method of drilling a subsea wellbore includes drilling the subsea wellbore and, while drilling the subsea wellbore: measuring a flow rate of the drilling fluid injected into a tubular string; measuring a flow rate of returns; comparing the returns flow rate to the drilling fluid flow rate to detect a kick by a formation being drilled; and exerting backpressure on the returns using a first variable choke valve. The method further includes, in response to detecting the kick: closing a blowout preventer of a subsea pressure control assembly (PCA) against the tubular string; and diverting the flow of returns from the PCA, through a choke line having a second variable choke valve, and through the first variable choke valve.