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.