Transocean Ltd. has secured a new agreement with Equinor for the use of three harsh-environment semisubmersible rigs on the Norwegian shelf. The contract, valued at over $1 billion in backlog for 7 rig years of work, includes an effective day rate exceeding $400,000 for the specialized Cat D rigs. The agreement covers the Transocean Enabler for a three-year program beginning in early 2028, the Transocean Encourage for a two-year program also starting in early 2028, and the Transocean Endurance for a two-year program commencing in the second quarter of 2027. Each program is set to begin in direct continuation of existing operations or following required mobilization, and the contract remains subject to license approvals.
Transocean LtdTransocean secures over $1 billion contract with Equinor for three rigs, with day rates exceeding $400,000.
Equinor ASA ADREquinor gains access to three harsh-environment rigs for its Norwegian shelf operations, supporting its drilling plans.
Dell Technologies Inc