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Transocean Ltd. announces contract award for harsh environment semisubmersible

Published by , Deputy Editor
Oilfield Technology,

Transocean Ltd. has announced that the Transocean Equinox was awarded a five-well contract in Australia by a major operator, representing approximately US$137 million in firm backlog, excluding full payment for mobilisation and a demobilisation fee.

The estimated 300-day contract is expected to commence in the first quarter of 2024.The contract also provides for a one-well option, potentially keeping the harsh environment semisubmersible in Australia through the first quarter of 2025.

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