DealsJun 16, 2026, 05:11 PM
Transocean Secures $185M in New Contracts for Two Semisubmersibles
AI Summary
Transocean Ltd. announced new contract awards totaling approximately $185 million in firm backlog for two of its harsh environment semisubmersibles. The Transocean Norge secured a five-well contract with Harbour Energy in Norway, contributing $149 million for an estimated 300 days of work starting Q1 2028. The Transocean Equinox was awarded a two-well contract with Santos in Australia, adding $36 million for about 90 days of work commencing Q2 2027. Both contracts include additional well options.
Key Highlights
- Transocean secured new contracts totaling approximately $185 million in firm 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 to backlog.
- 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 to backlog.
- The Norge contract includes three one-well options.
- The Equinox contract includes five one-well options.
Price Impact
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