Transocean increases backlog to $8.5 billion with multiple offshore drilling rig contracts

(WO) – Transocean has increased its backlog to $8.5 billion, according to the company’s quarterly Fleet Status Report. The report provided the current status and contract information for Transocean’s fleet of offshore drilling rigs.

Transocean’s Deepwater Corcovado and Orion were awarded four-year and three-year contracts, respectively, in Brazil for $400,000 and $417,000 per day. The company’s Dhirubhai Deepwater KG2 also won a 910-day contract in Brazil for $439,000 per day, as adjusted for foreign currency exchange.

In the Gulf of Mexico, Transocean’s Deepwater Invictus was awarded a three-well contract at $425,000 per day. The company also secured a deal with Murphy Oil, who chose a one-well option at $395,000 per day for the company’s Deepwater Asgard.

In the UK North Sea, the Transocean Barents semi-submersible rig was awarded a one-well contract at $310,000 per day. Harbour Energy also signed a deal with the company for Transocean’s Paul B. Lloyd Jr. Harbour Energy exercised an eight-well option for $170,000 per day.

Additional contracts include the Transocean Norge in Norway, which added to the backlog at a rate of $414,000 - $424,000 per day, as adjusted for foreign currency exchange. TotalEnergies exercised a one well option for Transocean’s Development Driller III in Suriname for $360,000 per day.

The aggregate incremental backlog associated with these fixtures is approximately $1.9 billion.