Transocean backlog reaches $8.6 billion with multiple offshore drilling contracts in Q1 2023

World Oil Staff April 19, 2023

(WO) – Transocean Ltd. issued a quarterly Fleet Status Report that provides the current status of, and contract information for, the company’s fleet of offshore drilling rigs.

The Transocean Enabler was awarded a 19-well contract in Norway at a current rate of $377,000 per day, as adjusted for foreign currency exchange plus eight option wells. Additionally, the Transocean Encourage was awarded a nine-well contract in Norway at a rate of $350,000 per day.

Customers in Norway exercised four one-well options for the Transocean Norge at $338,000 per day, $358,000 per day, $358,000 per day, and $408,000 per day, respectively, as adjusted for foreign currency exchange.

The Transocean Endurance was awarded a multi-well plug and abandonment contract in Australia at a rate of $380,000 per day plus options.

The aggregate incremental backlog associated with these fixtures is approximately $546 million. As of April 18, 2023, the company’s total backlog is approximately $8.6 billion.

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