Transocean Ltd. announced two new contract awards for its harsh environment semisubmersible rigs, adding approximately $185 million to its firm contract backlog. The contracts are for the Transocean Norge and the Transocean Equinox for work in Norway and Australia, respectively.
Key Details
- Transocean Norge Contract: Awarded a five-well, 300-day contract with Harbour Energy in Norway, valued at approximately $149 million. Work is expected to begin in Q1 2028.
- Transocean Equinox Contract: Secured a two-well, 90-day contract with Santos in Australia, valued at approximately $36 million. This contract is scheduled to commence in Q2 2027.
- Additional Options: Both agreements include options for additional wells, with three one-well options for the Norge and five one-well options for the Equinox.