13-WELL CONTRACT WITH CONOCOPHILLIPS FOR TRANSOCEAN 712

July 17, 2018

Transocean Ltd. announced that the midwater semisubmersible Transocean 712 was awarded a 13-well contract (approximately 580 days) commencing in March 2019 in the U.K. North Sea with ConocoPhillips. The estimated firm contract backlog is approximately $75 million. Additionally, the contract includes a one-well option.
Transocean 712 capable to drill in water depths of 1,600 ft, Built by Hyundai Heavy Industries at Ulsan shipyard in South Korea, the semi-submersible was delivered in 1983.