Transocean Ltd. introduced in the present day that because the offshore drilling market continues to enhance, the corporate is observing a rise in contract alternatives for its ultra-deepwater and harsh atmosphere drilling providers.
“Customer demand for the very best specification ultra-deepwater floaters now equals or exceeds the variety of marketable rigs at the moment out there in lots of areas,” mentioned Transocean President and Chief Executive Officer Jeremy Thigpen. “As a end result, new contracts extra constantly replicate materially elevated dayrates, which can generate considerably improved money stream.”
Since its final Fleet Status Report issued in October 2019, the corporate has secured an extra $352.9 million of contract backlog from new contracts and extensions to present contracts, as follows:
New contracts
• Leik Eiriksson (semi) – 125 days at $235,000 a day for ConocoPhillips in Norway
• Discoverer Inspiration (drillship) – 120 days at $210,000 a day for Talos Energy within the US GOM
• Deepwater Asgard (drillship) – 200 days at $200,000 a day for Beacon within the US GOM
• Development Driller III (semi) – 1 12 months at $250,000 a day in Trinidad (undisclosed shopper)
• Dhirubhai Deepwater KG2 (drillship) – 6 months at $250,000 a day in Myanmar for Woodside
Exercised Options:
• Transocean Norge (semi) – 32 days at $291,000 a day in Norway for Equinor
• Deepwater Nautilus (drillship) – 6 months at $140,000 for Petronas in Malaysia
• Deepwater Asgard (drillship) – 74 days at $240,000 a day for Beacon within the US GOM
(Source: Transocean – Image Leiv Eiriksson/Deskgram)

The submit TRANSOCEAN SECURED $352.9 MILLION IN NEW RIG CONTRACTS AND EXTENSIONS appeared first on Energy Global News.

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