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Transocean has announced contract fixtures for three of its harsh environment semisubmersible

Published by , Editorial Assistant
Oilfield Technology,


Transocean has announced US$161 Million in contract extensions and exercised options for harsh environment semisubmersibles with Woodside Energy, Wintershell DEA and Equinor.

In Norway, Transocean Spitsbergen was awarded a three-well contract extension with Equinor. The programme is expected to commence in the 4Q25 in direct continuation of the rig’s current programme and contribute approximately US$72 million in backlog, excluding additional services.

The extension also includes options for up to six additional wells.Transocean Norge was awarded a three-well contract extension with Wintershall Dea. The estimated 140-day programme is expected to commence in the 4Q28 in direct continuation of the rig’s current programme and contribute approximately US$71 million in backlog, excluding additional services.

In Australia, Woodside exercised its second option for the Transocean Endurance. The estimated 45-day well is expected to commence in direct continuation of the rig’s current programme and contribute approximately US$18 million in backlog.

“These fixtures are emblematic of the continued strength of the high-specification harsh environment market,” said Jeremy Thigpen, Transocean’s Chief Executive Officer. “Our customers are contracting rigs up to four years in advance, reinforcing our confidence in the strength and longevity of this upcycle.”

Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/05062024/transocean-has-announced-contract-fixtures-for-three-of-its-harsh-environment-semisubmersible/

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