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Transocean Adds $1.1 Billion from Norway Drilling Contracts

Transocean reports about $1.1 billion in firm backlog additions as Equinor approves a three-rig agreement and Shell awards Transocean Norge two wells, with an estimated drilling duration of 120 days.
Transocean Norge (Image Source: Transocean)

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Transocean has reported approximately $1.1 billion in additional firm backlog from Norway drilling contracts, combining approval of an existing Equinor agreement with a new award from A/S Norske Shell. The company announced the update on 9 October 2026.

The new Shell assignment gives Transocean Norge two wells to drill over an estimated 120 days. Its backlog contribution is about $62 million, without counting supplementary services. A further well can be added under an option.

The campaign is expected to follow the rig’s existing Norway drilling commitments without a break.

The larger portion of the backlog addition comes from Equinor‘s final contract approval for an earlier agreement. This was received in late September and brought approximately $1 billion into firm backlog for Transocean Enabler, Transocean Encourage and Transocean Endurance, three harsh-environment semisubmersibles assigned to work in Norway.

Equinor‘s earlier announcement set out three years for Transocean Enabler and two years each for Transocean Encourage and Transocean Endurance. The seven rig years were priced at a day rate below $400,000. Mobilisation was included in the contract value, while optional integrated drilling services were outside the rate.

Transocean Norge uses the Moss Maritime CS60 design and belongs to the sixth generation of semisubmersibles. Jurong Shipyard constructed the unit.

Transocean‘s operated fleet numbers 27 mobile offshore drilling units: 20 ultra-deepwater floaters and seven harsh-environment floaters. These units are owned wholly or jointly by the company.

Editorial Note:
This article was prepared with the assistance of AI tools to enhance clarity and efficiency.
All information has been reviewed and verified by the HMT News editor.
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