Transocean announces $1.2B in contracts for ultradeepwater drillships

Offshore staff

STEINHAUSEN, Switzerland — The Deepwater Conqueror ultradeepwater drillship has been awarded a two-year contract by a major operator for work in the US Gulf of Mexico at $440,000 per day with up to an incremental $39,000 per day for additional products and services, Transocean reported.

Excluding revenue associated with the additional products and services, the new contract adds an estimated $321 million in backlog and is expected to begin in December 2022 in direct continuation of the rig’s current contract.

Transocean also recently announced that the Petrobras 10000 ultradeepwater drillship received a 5.8-year contract for work offshore Brazil with a national oil company.

The contract adds an estimated $915 million in backlog, and it is expected to commence in October 2023 and end in August 2029.

The estimated firm backlog excludes income associated with the customer’s anticipated use of the company’s patented dual-activity technology on the Petrobras 10000.

08.02.2022