Transocean Nets $116M Drilling Deals for Semi-sub Rig Duo

Offshore drilling firm Transocean said Wednesday it had secured drilling rig contracts worth $116 million in total for two rigs in Norway.

First, the Transocean Barents semi-submersible drilling rig was awarded a two-well contract in Norway, with a start expected in February 2022.

The contract award is approximately 200 days in duration and adds an estimated $60 million in firm contract backlog, Transocean said.

Also, Transocean Norge was given a four-well contract in Norway, with five one-well options, with drilling set to begin in March 2022.

Transocean said the contract award was about 200 days in duration, adding an estimated $56 million in firm contract backlog. The drilling firm did not say who the clients were.

According to Transocean's latest fleet status report, released in April, the Transocean Barents was on a contract with MOL in Norway, with a start-up in May, and ending in December 2021, at a dayrate of $270,000

Per the same fleet report, the Transocean Norge had a $297,000 a day contract with Equinor, expiring in June 2021.

Current News

VARD to Build Hybrid Ocean Energy Construction Vessel for Island Offshore

VARD to Build Hybrid Ocean Ene

ABS and Seatrium Partner on Decarbonization and Energy Transition

ABS and Seatrium Partner on De

Ulstein Verft Begins Outfitting Olympic's Next CSOV

Ulstein Verft Begins Outfittin

Ørsted’s Gode Wind 3 Delivers First Power

Ørsted’s Gode Wind 3 Delivers

Subscribe for OE Digital E‑News

Offshore Engineer Magazine