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Transocean Ltd. announces US$181 million in contracts for ultra-deepwater drillship Deepwater Asgard

Published by , Deputy Editor
Oilfield Technology,

Transocean Ltd has announced today that the ultra-deepwater drillship, Deepwater Asgard, received two contract awards in the US Gulf of Mexico for a total of approximately 14 months of work, adding US$181 million in firm backlog.

The first award is a one-well contract with Murphy Oil Corporation at US$395 000 per day. The contract is expected to commence late this fall after the rig completes its current contract and a planned out-of-service period. The contract also includes an option for a second well at the same dayrate. The backlog for the firm contract is approximately US$20 million.

The second award, a one-year contract with another operator at US$440 000 per day (plus up to US$40 000 per day for additional products and services), is expected to commence in the first half of 2023. This contract also includes three, one-year option periods at mutually agreed dayrates. The firm backlog associated with the contract is estimated to be approximately US$161 million, excluding any revenue associated with the additional products and services.

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