Transocean backlog reaches $9 billion with three new offshore drilling contracts

February 16, 2024

(WO) – Transocean Ltd. issued a quarterly Fleet Status Report that provides the current status of, and contract information for, the company’s fleet of offshore drilling rigs.

Transocean Barents

This quarter’s report includes the following updates:

Transocean Barents – Awarded a minimum 540-day contract in the Romanian Black Sea at a rate of $465,000.

Deepwater Skyros – Awarded a three-well extension in Angola at a rate of $400,000.

Deepwater Invictus – Awarded a 40-day contract in the U.S. Gulf of Mexico.

The aggregate incremental backlog associated with these fixtures is approximately $326 million. As of Feb. 14, 2024, the company’s total backlog is approximately $9 billion.

Transocean is an international provider of offshore contract drilling services for oil and gas wells. Transocean specializes in technically demanding sectors of the global offshore drilling business with a particular focus on deepwater and harsh environment drilling services and operates the highest specification floating offshore drilling fleet in the world.

Transocean owns or has partial ownership interests in and operates a fleet of 37 mobile offshore drilling units, consisting of 28 ultra-deepwater floaters and nine harsh environment floaters. In addition, Transocean is constructing one ultra-deepwater drillship.

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