Transocean Secures $185M Norway Five-Well and Australia Two-Well Contracts
RIG•Transocean has secured two harsh-environment semisubmersible contracts totaling $185 million in firm backlog, including a 300-day, five-well program with Harbour Energy in Norway contributing $149 million and three one-well options. A 90-day, two-well Santos contract in Australia adds $36 million and five one-well options.
1. Contract Awards Overview
Transocean’s Transocean Norge unit received a five-well, 300-day contract from Harbour Energy in Norway, adding $149 million in firm backlog starting Q1 2028 and including three one-well options. The Transocean Equinox was awarded a two-well, 90-day program by Santos in Australia beginning Q2 2027 with five one-well options and $36 million added backlog.
2. Operational and Financial Impact
These awards increase Transocean’s harsh-environment semisubmersible backlog by $185 million, excluding mobilization and additional services, bolstering its project pipeline through 2028. The contracts leverage Transocean’s fleet of high-specification floaters and underscore its focus on ultra-deepwater and harsh-environment drilling expertise.
