Transocean secures $232 million drillship contract with bp

September 12, 2024

(WO) — Transocean Ltd. has secured a $232 million contract with bp for its Deepwater Atlas drillship in the U.S. Gulf of Mexico.

The 365-day contract, which includes an option for an additional 365 days, is set to begin in the second quarter of 2028. This deal adds approximately $232 million to Transocean's backlog, not including the mobilization fee. No additional services are included in the contract.

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