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