Transocean adds $745 million to backlog with multiple offshore drilling contracts

(WO) – Transocean Ltd. issued a quarterly fleet status report that provides the current status of, and contract information for, the company’s fleet of offshore drilling rigs.

This quarter’s report includes the following updates:

Dhirubhai Deepwater KG1 – Awarded a 21-month contract in India at a rate of $347,500.

Deepwater Aquila – Awarded a three-year contract in Brazil at a rate of $448,000.

Dhirubhai Deepwater KG1 – Awarded a 60-day extension in India at a rate of $348,000.

Deepwater Invictus – Awarded a 20-day contract in the U.S. Gulf of Mexico at a rate of $440,000. The well has been completed.

The aggregate incremental backlog associated with these fixtures is approximately $745 million. As of October 18, 2023, the company’s total backlog is approximately $9.4 billion.

Transocean is an international provider of offshore contract drilling services for oil and gas wells. Transocean specializes in technically demanding sectors of the global offshore drilling business with a particular focus on deepwater and harsh environment drilling services and operates the highest specification floating offshore drilling fleet in the world.

Transocean owns or has partial ownership interests in and operates a fleet of 37 mobile offshore drilling units, consisting of 28 ultra-deepwater floaters and nine harsh environment floaters. In addition, Transocean is constructing one ultra-deepwater drillship.