Transocean Ltd. has secured new drilling contracts for two of its harsh-environment semisubmersible rigs, adding approximately $185 million to its firm contract backlog.
Transocean Norge has been awarded a five-well drilling contract by Harbour Energy in Norway. The work is estimated at approximately 300 days and is expected to begin in the first quarter of 2028, directly after the rig’s current program. The contract is expected to add approximately $149 million in backlog, excluding mobilization and additional services. It also includes three one-well options.
Transocean Equinox has been awarded a two-well contract with Santos in Australia. The work is estimated at approximately 90 days and is expected to begin in the second quarter of 2027. The contract is expected to add approximately $36 million in backlog, excluding mobilization and additional services. It also includes five one-well options.
Together, the two awards represent approximately $185 million in firm backlog for Transocean.
Transocean Ltd. provides offshore contract drilling services for oil and gas wells, with a focus on ultra-deepwater and harsh-environment drilling. The company owns or partly owns and operates 27 mobile offshore drilling units, comprising 20 ultra-deepwater floaters and seven harsh-environment floaters.
