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Transocean Bags Two Well Contracts Worth $116 Million In Norway - Quick Facts

Transocean Ltd. (RIG) announced Wednesday that the Transocean Barents was awarded a two-well contract in Norway with commencement expected in February 2022. The contract award is approximately 200 days in duration and adds an estimated $60 million in firm contract backlog.

Additionally, the Transocean Norge was awarded a four-well contract plus five one-well options in Norway with commencement expected in March 2022. The contract award is approximately 200 days in duration and adds an estimated $56 million in firm contract backlog.

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