Transocean Secures $185M in Contract Awards
Transocean announced contract awards for two of its harsh environment semisubmersibles. In aggregate, the fixtures represent approximately $185M in firm contract backlog. The Transocean Norge was awarded a five-well contract with Harbour Energy in Norway. The estimated 300 days of work is expected to commence in the first quarter of 2028 in direct continuation of the rig's current program and contribute approximately $149M in backlog, excluding mobilization and additional services. The contract also includes three one-well options. The Transocean Equinox was awarded a two-well contract with Santos in Australia. The estimated 90 days of work is expected to commence in the second quarter of 2027 and contribute approximately $36M in backlog, excluding mobilization and additional services. The contract also includes five one-well options.
