Transocean semisub secures more work with Equinor

Offshore driller Transocean has secured a contract extension with Equinor for the 2009-built semi-submersible Transocean Spitsbergen offshore Norway.

Under the deal, the world’s first hybrid floating drilling unit will execute nine additional wells for the Norwegian energy giant, with two more one-well options attached.

The firm part of the contract extension is expected to begin in October 2023 and conclude in April 2025, adding around $181m to Transocean’s backlog. The deal excludes revenue associated with performance incentives and additional services.

Transocean owns or has partial ownership interests in, and operates a fleet of 37 offshore drilling units and has two drillships under construction.

Adis Ajdin

Adis is an experienced news reporter with a background in finance, media and education. He has written across the spectrum of offshore energy and ocean industries for many years and is a member of International Federation of Journalists. Previously he had written for Navingo media group titles including Offshore Energy, Subsea World News and Marine Energy.
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