Transocean rig facing long-haul assignment offshore Australia
June 29, 2023
Transocean has negotiated a binding 16-well award for the harsh environment Transocean Equinox semisub offshore Australia with a consortium of four operators.
STEINHAUSEN, Switzerland— Transocean has negotiated a binding 16-well award for the harsh environment Transocean Equinox semisub offshore Australia with a consortium of four operators.
The estimated 380-day campaign could generate revenues totaling $184 million, excluding full mobilization/demobilization, and there are options that could keep the rig working in Australian waters through 2028.
Work should start in first-quarter 2025 in direct continuation of the rig’s previously announced five-well, 300-day commitment in Australia with an unnamed major operator. This is due to take effect early in 2024.
