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Transocean has added $175 million to its contract backlog, thanks primarily to a trio of option pick-ups from customers in India, Norway and Australia, the offshore driller said on Wednesday in its latest fleet status report.
The Dhirubhai Deepwater KG1 ultra-deepwater drillship saw its four-well option exercised by Reliance Industries for work in India at a dayrate of $410,000.
Currently chartered to India’s state-owned Oil and Natural Gas Corporation (ONGC) through February 2026, the Dhirubhai Deepwater KG1 will shift to work for Reliance beginning in April 2026 through May 2029.
Two semi-submersibles also earned more work through exercised options.
Equinor lined up three wells in Norway for the Transocean Enabler at a dayrate of $428,000, while Woodside Energy agreed a one-well option in Australia for the Transocean Endurance at a dayrate of $390,000.
The Transocean Enabler is now signed with Equinor through mid-2027, while the Transocean Endurance will stick with Woodside through mid-2026.
Transocean’s total backlog was $8.3 billion as of Wednesday.