(WO) — Transocean has secured approximately $185 million in new contract backlog through awards for two harsh-environment semisubmersible rigs operating in Norway and Australia.
The largest award was a five-well contract for the Transocean Norge from Harbour Energy offshore Norway. The program is expected to begin in the first quarter of 2028 following completion of the rig’s current work scope and is estimated to contribute approximately $149 million in backlog, excluding mobilization and additional services. The contract also includes options for three additional wells.
Transocean also received a two-well contract from Santos for the Transocean Equinox offshore Australia. The campaign is expected to commence in the second quarter of 2027 and add approximately $36 million in backlog, excluding mobilization and additional services. The agreement includes options for five additional wells.
Combined, the two awards add approximately $185 million in firm backlog to Transocean’s fleet.
Transocean specializes in ultra-deepwater and harsh-environment offshore drilling services and currently operates a fleet of 27 mobile offshore drilling units, including 20 ultra-deepwater floaters and seven harsh-environment floaters.
The latest awards reflect continued demand for high-specification floating rigs in key offshore markets, including the Norwegian Continental Shelf and Australia.
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