Transocean Secures $158 Million East Mediterranean Drillship Contract, Expected to Commence in 2026
2026-04-17 14:16
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en.Wedoany.com Reported - Swiss offshore drilling company Transocean recently secured a drillship contract worth approximately $158 million, involving operations for five wells in the East Mediterranean region. The contract will be executed by an ultra-deepwater drillship named Deepwater Asgard, which was built in 2014, and the contract is from an undisclosed operator.

The Transocean drillship contract is expected to last 390 days, with operations scheduled to commence in the fourth quarter of 2026. This project will contribute a significant amount to the company's backlog, excluding additional services and mobilization/demobilization compensation. Since early April, Transocean has accumulated approximately $1.6 billion in additional backlog, including fixtures for the Transocean Barents in Norway and the Deepwater Orion, Deepwater Aquila, and Deepwater Corcovado in Brazil.

The acquisition of the Transocean drillship contract further solidifies the company's position in the offshore drilling market, demonstrating its expertise in the ultra-deepwater sector. As the 2026 operations approach, Transocean will continue to optimize resource allocation to ensure the smooth progress of the project.

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