Transocean announces two-year contract for ultra-deepwater drillship Deepwater Invictus

Transocean‘s ultra-deepwater drillship Deepwater Invictus has been awarded a two-year contract plus three one-year priced options with a subsidiary of BHP Billiton. The backlog associated with the firm contract is approximately $106 million. The contract is expected to commence in Q2 2018.

“We are extremely pleased to continue working with BHP,” said Transocean’s President and Chief Executive Officer Jeremy Thigpen. “Since we welcomed the Invictus into our fleet in 2014, the combination of BHP, Transocean and the Invictus has delivered industry-leading performance, and we look forward to extending our productive relationship through this multi-year contract.”