Transocean Ltd. Announces $184 Million Award for Harsh Environment Semisubmersible
Thursday 29 June 2023
Transocean Ltd. announced a 16-well binding award for the Transocean Equinox in Australia for a consortium of four operators. The estimated 380-day campaign contributes approximately $184 million in backlog, excluding full compensation for mobilization and demobilization. The engagement also includes options that, if fully exercised, could keep the Transocean Equinox working in Australia into 2028.
This new award is expected to commence in the first quarter of 2025 in direct continuation of the rig’s previously announced five-well, 300-day commitment in Australia with a major operator, currently expected to start in the first quarter of 2024.