DealsJun 16, 2026, 05:06 PM
Transocean Secures $185M in Harsh Environment Semisubmersible Contracts
AI Summary
Transocean Ltd. announced contract awards for two harsh environment semisubmersibles, totaling approximately $185 million in firm contract backlog. The Transocean Norge secured a five-well contract with Harbour Energy in Norway for an estimated 300 days, adding $149 million to backlog, starting Q1 2028. The Transocean Equinox was awarded a two-well contract with Santos in Australia for an estimated 90 days, contributing $36 million to backlog, commencing Q2 2027. Both contracts include additional one-well options.
Key Highlights
- Transocean secured approximately $185 million in new firm contract backlog.
- Transocean Norge awarded a five-well contract with Harbour Energy in Norway.
- Norge contract is for an estimated 300 days, starting Q1 2028, adding $149 million.
- Transocean Equinox awarded a two-well contract with Santos in Australia.
- Equinox contract is for an estimated 90 days, starting Q2 2027, adding $36 million.
- Both contracts include multiple one-well options.
Price Impact
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