Transocean secures lucrative contracts for three drilling rigs, boosts backlog to US$9 billion

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Offshore drilling contractor Transocean has announced significant contract acquisitions for three of its drilling rigs, enhancing its quarterly fleet status report with a notable boost in backlog to approximately US$9 billion.

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The semi-submersible rig, Transocean Barents, has secured a minimum 540-day contract in the Romanian Black Sea with gas producer OMV Petrom. The contract, commencing in January 2025 and concluding in July 2026, comes at a rate of US$465,000 per day.

In Angola, the drillship Deepwater Skyros has inked a three-well extension deal with TotalEnergies at a rate of US$400,000 per day. The contract, set to commence in January 2025, further solidifies Transocean’s position in the region.

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Meanwhile, Deepwater Invictus, another of Transocean’s drillships, has commenced a 40-day contract in the U.S. Gulf of Mexico for an undisclosed operator since January 2024. Details regarding the financial terms of this contract have not been disclosed.

These contract awards collectively amount to approximately US$326 million. 


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