Transocean Ltd. Announces Contract Backlog of Approximately $1.1 Billion, Including Fully Approved Equinor Agreement
Globe Newswire•09/10/2026•06:04 ET
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Key Highlights
- ➤Transocean (RIG) backlog rises approximately $1.1 billion after two contract developments
- ➤Equinor approval converts approximately $1.0 billion agreement into firm backlog
- ➤Transocean Norge wins two-well A/S Norske Shell contract worth approximately $62 million
- ➤Shell work spans estimated 120 days and includes a single-well option
STEINHAUSEN, Switzerland, Oct. 09, 2026 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) (“Transocean”) today announced a new contract award representing approximately $62 million in firm contract backlog and the formal approval of the previously announced Equinor agreement resulting in conversion of the $1.0 billion contract value to firm backlog.
The Transocean Norge was awarded a two-well contract with A/S Norske Shell. The estimated 120 days of work is expected to commence in direct continuation of the rig's previously awarded programs in Norway and contribute approximately $62 million in backlog, excluding additional services. The contract also includes one single-well option.
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