The Switzerland-headquartered and New York-listed offshore contract drilling services provider for oil and gas wells, Transocean, has announced a new contract award representing approximately $62m in firm contract backlog and the formal approval of the previously announced Equinor agreement resulting in conversion of the $1.0bn contract value to firm backlog.
The Transocean Norge was awarded a two-well contract with A/S Norske Shell for estimated 120 days of work. This contract is expected to commence in direct continuation of the rig’s previously awarded programs in Norway and contribute approximately $62m in backlog, excluding additional services. Transocean informs that the contract also includes one single-well option.
In late September, final approval was received by Transocean from Equinor for the previously announced agreement for three harsh environment semisubmersible rigs in Norway: Transocean Enabler, Transocean Encourage, and Transocean Endurance. The total contract value from the Equinor of approximately $1.0bn is now included in Transocean’s backlog.
