Transocean Ltd. awarded contract for ultra-deepwater drillship ‘Deepwater Conqueror’

Source: press release, 1 August 2022

Ultra-deepwater, dual activity drillship, ‘Deepwater Conqueror’
Ultra-deepwater, dual activity drillship, ‘Deepwater Conqueror’ (photo: Transocean Ltd.)

Transocean Ltd. has announced that the ultra-deepwater drillship, Deepwater Conqueror, has been awarded a 2-year contract by a major operator for work in the US Gulf of Mexico at USD 440,000 per day with up to an incremental USD 39,000 per day for additional products and services.

Excluding revenue associated with the additional products and services, the new contract adds an estimated USD 321 million in backlog and is expected to begin in December 2022 in direct continuation of the rig’s current contract.