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GlobeNewswire·

Transocean Ltd. Announces Contract Backlog of Approximately $1.1 Billion, Including Fully Approved Equinor Agreement

  • Transocean announced a new contract award with A/S Norske Shell for the Transocean Norge representing approximately $62 million in firm backlog.
  • The Transocean Norge award covers a two-well contract estimated at 120 days of work in Norway with a single-well option.
  • Transocean received final approval from Equinor for three harsh environment semisubmersible rigs: Transocean Enabler, Transocean Encourage, & Transocean Endurance.
  • The Equinor agreement for the three rigs has a total contract value of approximately $1.0 billion, now converted to firm backlog.
  • Transocean operates a fleet of 27 mobile offshore drilling units, including 20 ultra-deepwater floaters & 7 harsh environment floaters.
  • The press release includes standard forward-looking statements disclaimers regarding risks such as oil price fluctuations, operational hazards, & the proposed business combination with Valaris Limited.