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Transocean Wins $168M in New Drilling Contracts

Benzinga·01/05/2026 12:08:41
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Transocean Ltd. (NYSE:RIG) ("Transocean") today announced a contract award and an extension, respectively, for two of its drilling rigs. Together, the fixtures represent approximately $168 million of firm backlog.

In Brazil, the Deepwater Mykonos was awarded a contract with bp. The estimated 302-day campaign is expected to begin in the third quarter of 2026 and contribute approximately $120 million in backlog, excluding additional services and compensation for mobilization and demobilization.

In Norway, three one-well options have been exercised for the Transocean Enabler. The incremental 105 days of work, which is in direct continuation of the rig's current activity, is expected to contribute approximately $48 million in backlog and commits the Enabler through September 2027.