Global and Regional MarketsNewsThe Offshore Frontier

Transocean adds $326 million in new rig contracts

Transocean secured contracts for three of its rigs – the Transocean Barents semisubmersible, as well as the Deepwater Skyros and Deepwater Invictus drillships – according to its Q4 2023 fleet status report. Altogether, these deals are worth approximately $326 million.

As of February 2024, and including these newly secured deals, the company’s total backlog is approximately $9 billion.

The Barents was awarded a minimum 540-day contract in the Romanian Black Sea at a rate of $465,000. The contract, with OMV Petrom, is slated to begin January 2025 and end July 2026.

The Deepwater Skyros was awarded a three-well extension in Angola by TotalEnergies at a rate of $400,000, with plans to commence in January 2025 as well. Meanwhile, the Deepwater Invictus started production in January 2024 on a 40-day contract in the US Gulf of Mexico.

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