Transocean Ltd. Provides Quarterly Fleet Status Report

Source Press Release
Company Transocean Ltd. 
Tags Oil Services, Service Contracts, Upstream Activities
Date February 09, 2023

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

This quarter’s report includes the following updates:

  • Deepwater Corcovado – Awarded a four-year contract in Brazil at a current rate of $400,000 per day, as adjusted for foreign currency exchange.
  • Deepwater Orion – Awarded a three-year contract in Brazil at current rate of $417,000 per day, as adjusted for foreign currency exchange.
  • Dhirubhai Deepwater KG2 – Awarded a 910-day contract in Brazil at a current rate of $439,000 per day, as adjusted for foreign currency exchange.
  • Deepwater Invictus – Awarded a three-well contract in the U.S. Gulf of Mexico at $425,000 per day.
  • Transocean Barents – Awarded a one-well contract in the U.K. North Sea at $310,000 per day.
  • Transocean Norge – Certain previously disclosed options in Norway have been added to backlog at current dayrates between $414,000 and $424,000 per day, as adjusted for foreign currency exchange.
  • Development Driller III – Customer exercised a one-well option in Suriname at $360,000 per day.
  • Deepwater Asgard – Customer exercised a one-well option in the U.S. Gulf of Mexico at $395,000 per day.
  • Paul B. Loyd Jr. – Customer exercised an eight-well option in the U.K. North Sea at $175,000 per day.

The aggregate incremental backlog associated with these fixtures is approximately $1.9 billion. As of February 9, the company’s total backlog is approximately $8.5 billion.

Source: EvaluateEnergy® ©2024 EvaluateEnergy Ltd