Transocean announced a new contract award with A/S Norske Shell and the final approval of a major agreement with Equinor, collectively adding approximately $1.1 billion to its firm contract backlog.

Key Details

  • New Contract: The Transocean Norge rig was awarded a two-well contract by A/S Norske Shell valued at approximately $62 million for 120 days of work in Norway.
  • Equinor Agreement Finalized: A previously announced agreement with Equinor, valued at approximately $1.0 billion, received final approval. This converts the value to firm backlog for three harsh environment rigs: Transocean Enabler, Transocean Encourage, and Transocean Endurance.
  • Total Backlog Impact: The new contract and the finalized agreement add a total of approximately $1.1 billion to Transocean's firm backlog.