Transocean Nets $87,2M in Offshore Drilling Contracts

OE Staff
Tuesday, April 26, 2022

Offshore drilling contractor Transocean said Monday it had recently secured offshore drilling contracts worth $87.2 million in total.

In its quarterly fleet status report, the company said it had won contracts for Development Driller III, Discoverer Inspiration, and Transocean Spitsbergen.

For the Development Driller III, Transocean has won a one-well contract with Petrobras in Colombia at $331,000 per day. The contract, starting in April, is expected to end in June.

For the Discoverer Inspiration rig, EnVen exercised a one-well option in the U.S. Gulf of Mexico at $300,000 per day. This part of the contract will start in November and last until January 2023. 

The rig is currently working for Hess, also in the U.S. Gulf of Mexico, on a $215,000 day rate, with the contract set to expire in October, when it is expected to start working for EnVen on a previously awarded 290,000 a day contract.

And for the Transocean Spitsbergen semi-submersible drilling rig, Equinor in Norway exercised a one-well option at $305,000 per day.

"The aggregate incremental backlog associated with these fixtures is approximately $87.2 million. As of April 25, the company’s total backlog is approximately $6.1 billion," Transocean said.

Categories: Drilling Industry News Activity North America Gulf of Mexico Drilling Rigs

Related Stories

Woodside Negotiating with at Least Three Partners for Louisiana LNG

Woodside Negotiating with at Least Three Partners for Louisiana LNG

Subsea Global Solutions Appoints Eric Smith as CCO

Subsea Global Solutions Appoints Eric Smith as CCO

Exxon to Expand O&G Output in Guyana

Exxon to Expand O&G Output in Guyana

Current News

Asso.subsea Introduces Marine Technology Business Unit

Petronas Inks Two More PSCs for Bid Round 2024, Launches Round 2025

Vår Energi Picks Operator for Offshore Helicopter Services in Norway

Spain to Open First Offshore Wind Tender Later in 2025

Subscribe for OE Digital E‑News

Offshore Engineer Magazine