Transocean Ltd. today announced contract awards for two of its harsh environment semisubmersibles. In aggregate, the fixtures represent approximately $185 million 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 [...]
Transocean Ltd. today reported financial results for the first quarter of 2026. The Company will host a conference call and webcast at 9 a.m. EDT, 3 p.m. CEST, on Tuesday, May 5, 2026, with participation details included in this release. In addition, supplemental schedules have been posted to the Investors section of the Company's website at www.deepwater.com. FIRST QUARTER 2026 KEY POINTS Contract drilling revenues were [...]
Transocean Ltd. today issued a quarterly Fleet Status Report that provides the current status of, and contract information for, the company's fleet of offshore drilling rigs. UPDATES This quarter's report includes the following updates: Transocean Barents - Awarded a 1,095-day contract with Vår Energi ASA in Norway. Deepwater Orion - Awarded a 1,095-day contract extension with Petrobras in Brazil. Deepwater Aquila [...]
Transocean announced that the Deepwater Asgard was awarded a five-well contract in the Eastern Mediterranean Sea with an undisclosed operator. The estimated 390-day campaign is expected to commence in the fourth quarter of 2026 and contribute approximately $158 million in backlog, excluding additional services and compensation for mobilization and demobilization. Inclusive of the recently announced fixtures on the [...]
Transocean announced that the Deepwater Corcovado was awarded a 1,156-day contract extension with Petrobras in direct continuation of its current activity. The extension is expected to contribute approximately $445 million in incremental backlog and commit the rig through Nov 2030. Prior to the extension period, from April 1, 2026, until the commencement of the new contract in Sept 2027, the existing backlog will be [...]
Transocean announced awards of a contract for a harsh environment semisubmersible in Norway and contract extensions for two ultra-deepwater drillships in Brazil. In aggregate, the fixtures represent approximately $1.0 billion in incremental firm contract backlog, as follows. The Transocean Barents was awarded a 1,095-day contract with Vår Energi ASA in Norway at a rate of $450,000 per day, excluding additional services [...]
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