On 11 February 2026, Transocean Ltd. announced contract fixtures for two harsh environment semisubmersibles in Norway, with the awards and extensions totaling approximately $184 million in firm contract backlog.
Transocean Encourage was awarded a seven-well contract extension. The estimated 365 days of work is expected to commence in the first quarter of 2027 in direct continuation of the rig’s current program and is expected to contribute approximately $152 million in backlog, excluding additional services.
Two one-well options were exercised for Transocean Enabler in direct continuation of the rig’s current activity. The incremental 70 days of work is expected to contribute approximately $32 million in backlog, excluding additional services, and commits the rig through December 2027.
The company said it provides offshore contract drilling services for oil and gas wells, with a focus on ultra-deepwater and harsh environment drilling. It said it owns or has partial ownership interests in and operates 27 mobile offshore drilling units, comprising 20 ultra-deepwater floaters and seven harsh environment floaters.
