Transocean Ltd. inks harsh environment contracts

Source: press release, 16 June 2021

‘Transocean Barents’, a harsh-environment ultra-deepwater dual-activity semi-submersible
‘Transocean Barents’, a harsh-environment ultra-deepwater dual-activity semi-submersible (photo: Transocean Ltd.)

Transocean Ltd. has announced the Transocean Barents has been awarded a two-well contract in Norway with commencement expected in February 2022. The contract award is approximately 200 days in duration and adds an estimated USD 60 million in firm contract backlog.

Additionally, the Transocean Norge was awarded a four-well contract plus five one-well options in Norway with commencement expected in March 2022. The contract award is approximately 200 days in duration and adds an estimated USD 56 million in firm contract backlog.