Offshore

Transocean Wins 390-Day Mediterranean Job for Deepwater Asgard

Transocean has secured a 390-day, five-well contract for the Deepwater Asgard drillship in the Eastern Mediterranean, adding about $158 million to backlog.

Deepwater Asgard (Source: Transocean)

16, April 2026
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Transocean has secured a new offshore drilling assignment for its 2014-built Deepwater Asgard in the Eastern Mediterranean Sea.

The drillship has been awarded a five-well contract with an undisclosed operator. The campaign is estimated to run for about 390 days and is scheduled to start in the fourth quarter of 2026. The contract is expected to add around $158 million to the company’s backlog, excluding additional services and compensation linked to mobilization and demobilization.

Built in 2014, Deepwater Asgard is an ultra-deepwater dual-activity DSME 12000 drillship. The unit can accommodate 200 people, drill to a maximum depth of 40,000 feet, and work in water depths of up to 12,000 feet.

With this award, and following recently announced fixtures for Transocean Barents, Deepwater Orion, Deepwater Aquila, and Deepwater Corcovado, the company’s backlog additions have reached about $1.6 billion since the beginning of April 2026.

Tags: Deepwater Asgard, drillship, Eastern Mediterranean, offshore drilling, 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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