DealsApr 16, 2026, 06:23 AM
Transocean's Deepwater Asgard Secures $158M Contract
AI Summary
Transocean's Deepwater Asgard secured a five-well contract in the Eastern Mediterranean Sea, expected to add approximately $158 million to its backlog. The 390-day campaign is slated to begin in the fourth quarter of 2026. This new award contributes to Transocean's total backlog additions of approximately $1.6 billion since the beginning of April, highlighting strong demand for its ultra-deepwater drilling services.
Key Highlights
- Deepwater Asgard awarded 5-well contract in Eastern Mediterranean.
- Contract duration estimated at 390 days, starting Q4 2026.
- Adds approximately $158 million to backlog.
- Total backlog additions since April approximate $1.6 billion.