Transocean boosts workload for drillships, harsh environment semis

July 25, 2024
Transocean secured eight new drilling contracts with a total value of about $656 million during the second quarter, the company said in an update.

Transocean secured eight new drilling contracts with a total value of about $656 million during the second quarter, the company said in an update.

The haul has raised its overall backlog to $8.8 billion, with the following awards for four ultradeepwater drillships, all in the US Gulf of Mexico:

  • Deepwater Atlas – A four-well contract at $505,000/d, with contingencies to perform three completions at the same day rate; and a two-well contract for drilling operations in the GoM at $580,000/d, with contingencies to perform two 20K completions at $650,000/d.
  • Deepwater Asgard – A 365-day contract extension at $515,000/d
  • Deepwater Invictus – A 40-day contract extension

In Brazil, an unnamed company took up a 279-day option for another Transocean drillship, Deepwater Mykonos, at $366,000/d.

The other three awards all went to harsh-environment semis. Two involved three-well contract extensions offshore Norway for Transocean Norge ($517,000/d) and for Transocean Spitsbergen ($483,000/d).

In Australia, the client took up a one-well option at $390,000/d for Transocean Endurance.

Courtesy Wood Mackenzie's Offshore Asset Cost Modeling Tool
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