Transocean Ltd. Announces $161 Million in Contract Extensions and Exercised Options for Harsh Environment Semisubmersibles
04 Giugno 2024 - 12:38PM
Transocean Ltd. (NYSE: RIG) (“Transocean”) today announced contract
fixtures for three of its harsh environment semisubmersibles.
Together, the fixtures represent approximately $161 million in firm
contract backlog.
In Norway, Transocean Spitsbergen was awarded a
three-well contract extension with Equinor. The program is expected
to commence in the fourth quarter of 2025 in direct continuation of
the rig’s current program and contribute approximately $72 million
in backlog, excluding additional services. The extension also
includes options for up to six additional wells.
Transocean Norge was awarded a three-well
contract extension with Wintershall Dea. The estimated 140-day
program is expected to commence in the first quarter of 2028 in
direct continuation of the rig’s current program and contribute
approximately $71 million in backlog, excluding additional
services.
In Australia, Woodside exercised its second
option for the Transocean Endurance. The estimated 45-day well is
expected to commence in direct continuation of the rig’s current
program and contribute approximately $18 million in backlog.
“These fixtures are emblematic of the continued
strength of the high-specification harsh environment market,” said
Jeremy Thigpen, Transocean’s Chief Executive Officer. “Our
customers are contracting rigs up to four years in advance,
reinforcing our confidence in the strength and longevity of this
upcycle.”
About Transocean
Transocean is a leading international provider
of offshore contract drilling services for oil and gas wells.
Transocean specializes in technically demanding sectors of the
global offshore drilling business with a particular focus on
deepwater and harsh environment drilling services and operates the
highest specification floating drilling fleet in the world.
Transocean owns or has partial ownership
interests in and operates a fleet of 36 mobile offshore drilling
units, consisting of 28 ultra-deepwater floaters and eight harsh
environment floaters. In addition, Transocean is constructing one
ultra-deepwater drillship.
Forward-Looking Statements
The statements described herein that are not
historical facts are forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended.
These statements could contain words such as "possible," "intend,"
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estimated duration of customer contracts, contract dayrate amounts,
future contract commencement dates and locations, planned shipyard
projects and other out-of-service time, sales of drilling units,
the cost and timing of mobilizations and reactivations, operating
hazards and delays, risks associated with international operations,
actions by customers and other third parties, the fluctuation of
current and future prices of oil and gas, the global and regional
supply and demand for oil and gas, the intention to scrap certain
drilling rigs, the effects of the spread of and mitigation efforts
by governments, businesses and individuals related to contagious
illnesses, and other factors, including those and other risks
discussed in the company's most recent Annual Report on Form 10-K
for the year ended December 31, 2023, and in the company's other
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disclaim any obligations or undertaking to release publicly any
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not constitute an offer to sell, or a solicitation of an offer to
buy, any securities, and do not constitute an offering prospectus
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performance of Transocean.
Analyst Contact:Alison
Johnson+1 713-232-7214
Media Contact:Pam Easton+1
713-232-7647
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