Transocean Ltd. Announces Contract Awards Totaling $550 Million
Globe Newswire•19/10/2026•06:10 ET
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Key Highlights
- ➤Transocean (RIG) secures two U.S. Gulf contracts totaling approximately $550 million backlog
- ➤Deepwater Proteus wins ten-well, 700-day contract worth approximately $325 million
- ➤Deepwater Conqueror wins five-well, 450-day contract worth approximately $225 million
- ➤Proteus contract starts Q1 2027 after current U.S. Gulf contract continues
- ➤Conqueror contract starts Q3 2027 after Equatorial Guinea program continues
STEINHAUSEN, Switzerland, Oct. 19, 2026 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) (“Transocean”) today announced contract awards for two of its ultra-deepwater drillships in the U.S. Gulf. In aggregate, the fixtures represent approximately $550 million in firm contract backlog.
The Deepwater Proteus was awarded a ten-well contract with an undisclosed operator in the U.S. Gulf. The estimated 700-day campaign is expected to contribute approximately $325 million in backlog and commence in the first quarter of 2027 in direct continuation of the rig’s current U.S. Gulf contract.
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