Transocean secures series of contracts

Transocean secures series of contracts

Offshore driller Transocean has recently secured a series of new contracts according to the company’s latest fleet status report.

The company’s drillship Deepwater Asgard was awarded a one-well option by Murphy Oil for operations in the Gulf of Mexico, extending the contract through to November.

Transocean has also received new contracts and had options exercised for several semi-submersible rigs.

Development Driller III was awarded a 180-day contract, commencing February 2019, operating offshore Equatorial Guinea with ExxonMobil. Transocean Spitsbergen has secured a three-well contract plus six one-well options from Equinor offshore Norway through to April 2022, while Transocean Leader has scored a one-well contract from Azinor Catalyst in the U.K. North Sea, with drilling works scheduled in August.

In Canada, Transocean Barents has been awarded a six-month contract extension plus an option by Suncor Energy, while Shell has exercised two one-well options for Deepwater Nautilus offshore Malaysia, and Faroe Petroleum has executed a one-well option for Transocean Arctic offshore Norway.

The combined value of the new contracts is around $405m.

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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