Transocean inks $251M harsh environment semisubmersible contract

Offshore staff

STEINHAUSEN, Switzerland — Transocean has secured a minimum 540-day contract for the Transocean Barents with OMV Petrom S.A. in the Romanian Black Sea at a rate of $465,000 per day, excluding additional services.

The ultradeepwater Transocean Barents rig is a harsh-environment dual-activty semisubmersible unit. 

The program is scheduled to begin in first-quarter 2025 and is estimated to contribute about $251 million in backlog, excluding full compensation for mobilization and a demobilization fee. For each day over 540 days, including the two option periods, the operating dayrate will be $480,000.

In June OMV Petrom and Romgaz sanctioned the development plan for the Domino and Pelican South gas fields in the Neptun Deep Block in the Romanian sector of the Black Sea. Then in August OMV Petrom received approval from Romania’s National Agency Mineral Resource for its development plan for the two gas fields in the Neptun Deep Block.

Last month Corinth Pipeworks announced it will fabricate about 160 km of longitudinally submerged arc-welded steel pipes for the offshore pipeline for OMV Petrom’s Neptun Deep gas project.

12.12.2023