Transocean Ltd. Announces Two Contract Awards in the U.S. Gulf of Mexico
Transocean Ltd. (NYSE: RIG) announced today it was awarded two contracts which, in aggregate, contribute approximately $55.5 million in backlog.
The Deepwater Conqueror was awarded a one-well contract with a major operator in the U.S. Gulf of Mexico. The value of this contract adds approximately 85 days and $28.5 million in backlog.
Additionally, the Deepwater Asgard was awarded a one-well contract with another operator in the U.S. Gulf of Mexico. The value of this contract adds approximately 90 days and $27 million in backlog and includes $40,000 per day for managed pressure drilling services.
Both contracts are expected to commence in the first quarter of 2022.
Source: Transocean Inc.