Transocean secures multiple contracts in the Gulf of Mexico

Oct. 25, 2021
Transocean Ltd. has provided an update on its offshore drilling rig fleet.

Offshore staff

STEINHAUSEN, Switzerland Transocean Ltd. has provided an update on its offshore drilling rig fleet.

As of Oct. 25, the company’s total backlog is about $7.1 billion.

Beacon Offshore Energy has awarded the Deepwater Atlas a two-phase, four-well contract in the US Gulf of Mexico. Transocean is expected to take delivery of the newbuild ultra-deepwater drillship from Jurong Shipyard in December 2021. The contract is expected to start in 3Q 2022.

From the start of the contract through 2Q 2023 the day rate is $315,000. From 2Q 2023 through 3Q 2023 the day rate is $185,000. Then a 20,000-psi BOP will be installed on the drillship. From 3Q 2023 to 1Q 2024 the day rate is $455,000.

Chevron has awarded the ultra-deepwater drillship Deepwater Conqueror a three-well contract in the US Gulf of Mexico. The contract is expected to run from January 2022 through October 2022. The day rate is $335,000.

An undisclosed operator has awarded the ultra-deepwater drillship Deepwater Asgard a one-well contract in the US Gulf of Mexico. The contract is expected to run from January 2022 to April 2022. The day rate is $295,000.

BHP has awarded the ultra-deepwater drillship Deepwater Invictus a one-well contract extension in the US Gulf of Mexico. The contract is expected to run from March 2022 to May 2022. The day rate is $295,000.

BHP has also exercised a one-well option for the semisubmersible Development Driller III offshore Trinidad. The day rate is $220,000. The contract is expected to end in November 2021.

POSCO has exercised a one-well option for the semisubmersible Deepwater Nautilus. The location was not disclosed, but the day rate is $135,000. The contract is expected to end in December 2021.

Also, the ultra-deepwater drillship Discoverer Inspiration’s a nine-well contract with Hess in the US Gulf of Mexico is expected to run from October 2021 to May 2022.

10/25/2021