Transocean Ltd. Provides Quarterly Fleet Status Report

Source: 7/25/2022, Location: Europe

Transocean Ltd. (NYSE: RIG) today issued a quarterly Fleet Status Report that provides the current status of, and contract information for, the company’s fleet of offshore drilling rigs.

This quarter’s report includes the following updates:

- Deepwater Skyros – Awarded a ten-well contract in Angola at $310,000 per day.

- Deepwater Invictus – Awarded a two-well contract extension in the U.S. Gulf of Mexico at $375,000 per day.

- Transocean Spitsbergen – For work in Norway, awarded a nine-well firm contract at $335,000 per day, plus two one-well options at $375,000 per day.

- Transocean Spitsbergen – Customer exercised two one-well options in Norway at $305,000 per day.

- Paul B Loyd. Jr – Awarded a one-well contract, plus two one-well options and an eight P&A well option in the U.K., each at $175,000 per day.

- Dhirubhai Deepwater KG1 – Awarded an estimated 86-day contract extension plus up to four option wells (270 days) in India at $330,000 per day.

- Deepwater Mykonos – Awarded a 435-day contract, plus options up to an incremental 279 days in Brazil at approximately $364,000 per day.

The aggregate incremental backlog associated with these fixtures is approximately $650 million. As of July 25, the company’s total backlog is approximately $6.2 billion.

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