Transocean Equinox to mobilize to Australia for 300-day contract

Transocean announced that the Transocean Equinox harsh-environment semi was awarded a five-well contract in Australia by a major operator, representing approximately $137 million in firm backlog, excluding full payment for mobilization and a demobilization fee.

The estimated 300-day contract is expected to commence in Q1 2024. The contract also provides for a one-well option, potentially keeping the semi in Australia through Q1 2025.