Transocean Ltd. announced a new five-well contract for the Deepwater Asgard drillship, contributing approximately $158 million to backlog, and disclosed total backlog additions of approximately $1.6 billion since early April.
Key takeaways
The Deepwater Asgard drillship secured a five-well contract in the Eastern Mediterranean Sea with an undisclosed operator.
The contract is expected to contribute approximately $158 million to backlog, excluding additional services and mobilization/demobilization compensation.
The estimated 390-day campaign is scheduled to commence in the fourth quarter of 2026.
Total backlog additions since the beginning of April approximate $1.6 billion, including fixtures on four other rigs.
The company operates a fleet of 27 mobile offshore drilling units, consisting of 20 ultra-deepwater floaters and seven harsh environment floaters.