Transocean Ltd. Announces $130 Million Award for Ultra-Deepwater Drillship
Source: www.gulfoilandgas.com 12/8/2025, Location: Not categorized
Transocean Ltd. (NYSE: RIG) (“Transocean”) announced the execution of a six-well contract in Australia with an undisclosed operator for the Deepwater Skyros. The estimated 320-day campaign is expected to commence in the first quarter of 2027 and contribute approximately $130 million in backlog, excluding compensation for mobilization and demobilization. The award includes priced options that, if fully exercised, could keep the drillship working in Australia into early 2030.