Transocean has secured additional work for two offshore rigs in Brazil and Norway, increasing its firm backlog by about $168 million and coinciding with a 1.5% rise in its share price during Monday trading.

In the Norwegian sector, the 2016-built semisubmersible Transocean Enabler will remain on hire for Equinor after the operator exercised options covering three single wells. The extra 105 days of work will follow directly after the current program and are expected to add around $48 million to the backlog, keeping the rig committed until September 2027.

The 2011-built drillship Deepwater Mykonos continues to operate for Petrobras in Brazil under a firm contract that is scheduled to end this month, with contractual options available that could prolong the engagement until April if fully used.

After the Petrobras work finishes, Deepwater Mykonos is expected to move onto a new contract with BP offshore Brazil. The BP campaign is planned to last roughly 302 days, beginning in Q3 2026, and should add about $120 million to Transocean’s backlog, excluding revenue from additional services and from mobilisation and demobilisation.

Offshore drilling contractor Transocean is based in Switzerland.