Transocean Ltd. Announces $392 Million Contract Award for Ultra-Deepwater Drillship

Source: www.gulfoilandgas.com 1/31/2023, Location: South America

Transocean Ltd. (NYSE: RIG) announced today that the ultra-deepwater drillship, Dhirubhai Deepwater KG2, has been awarded a 910-day contract by a national oil company for work offshore Brazil. The estimated backlog of $392 million excludes a mobilization fee of 90 times the contract dayrate.

The new contract is expected to commence in the third quarter of 2023.


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