Global and Regional MarketsNewsThe Offshore Frontier

Options exercised for Transocean harsh environment semisubmersible in Norway

Transocean announced that six one-well options have been exercised for the Transocean Encourage in Norway. The estimated 370 days of work will contribute approximately $172 million in backlog.

The work is expected to commence in direct continuation of the current firm term and now extends through February 2026.

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