Transocean reaches $8.9 billion in backlog with two new offshore drilling contract extensions

(WO) – Transocean Ltd. issued a quarterly Fleet Status Report that provides the current status of the company’s fleet of offshore drilling rigs.

According to the report, the company has signed two offshore drilling contracts in the U.S. Gulf of Mexico and Angola, respectively.

Details:

Deepwater Asgard – Awarded a 365-day contract extension in the U.S. Gulf of Mexico at a rate of $505,000.

Deepwater Skyros – Customer exercised a three-well option in Angola at a rate of $400,000.

The aggregate incremental backlog associated with these fixtures is approximately $248 million. As of April 17, 2024, the company’s total backlog is approximately $8.9 billion.

Transocean is a leading 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 36 mobile offshore drilling units, consisting of 28 ultra-deepwater floaters and eight harsh environment floaters. In addition, Transocean is constructing one ultra-deepwater drillship.