Offshore

Transocean Secures $243 Million in Drillship Contract Extensions

Transocean has secured $243 million in backlog after bp and Petrobras extended contracts for its ultra-deepwater drillships in the Gulf of Mexico and Brazil.

Transocean drillship operating offshore securing $243 million in new contracts

Image credit: Sembcorp Marine

2, October 2025
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Transocean Ltd. confirmed on October 1, 2025, that two of its ultra-deepwater drillships will continue operations under extended contracts, securing approximately $243 million in firm backlog.

In the U.S. Gulf of Mexico, bp exercised a 365-day option for the Deepwater Atlas, adding an estimated $232 million in revenue backlog. Meanwhile, Petrobras extended the Deepwater Mykonos program in Brazil by 30 days, contributing around $11 million.

Transocean operates 27 mobile offshore drilling units, including 20 ultra-deepwater and seven harsh-environment floaters, maintaining one of the most advanced fleets in the industry.

This article is based on publicly available press releases and corporate announcements.

Tags: BP, Deepwater Atlas, Petrobras, Transocean

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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