Transocean Nets $168M in Two Drilling Rig Contracts

Monday, January 5, 2026

Offshore drilling contractor Transocean has secured a new contract and an extension for two of its rigs, adding approximately $168 million to its firm backlog.

In Brazil, the Deepwater Mykonos was awarded a contract by BP for an estimated 302-day campaign beginning in the third quarter of 2026.

The contract is expected to contribute around $120 million to the backlog, excluding mobilization, demobilization, and additional services.

In Norway, three one-well options have been exercised for the Transocean Enabler, adding approximately 105 days of work.

The extension will contribute about $48 million to the backlog and keep the rig operating through September 2027.

Categories: Rigs Decommissioning Well Operations ROV & Dive Support Inspection & Repair & Maintenance Construction Vessel Drilling Industry News Activity Europe Drillships Oil and Gas

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