Transocean Ltd. Announces Contract Award and Extension Totaling $184 Million
Switzerland, Feb. 11 -- Transocean Ltd. announced contract fixtures for two of its harsh environment semisubmersibles in Norway. In aggregate, the fixtures represent approximately $184 million in firm contract backlog.The Transocean Encourage was awarded a seven-well contract extension. The estimated 365 days of work is expected to commence in the first quarter of 2027 in direct continuation of the rig's current program and contribute approximately $152 million in backlog, excluding additional services.Two one-well options have been exercised for the Transocean Enabler in direct continuation of the rig's current activity. The incremental 70 days of work is expected to contribute approximately $32 million in backlog, excluding additional ser...
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