TRANSOCEAN CONTRACT BACKLOG REACHES $10.2 BILLION

Transocean Ltd. issued a quarterly Fleet Status Report that provides the current status of, and contract information for, the company’s fleet of offshore drilling rigs.
Since its last Fleet Status Report in October, Transocean added approximately $366 million in contract backlog, bringing total backlog to $10.2 billion.
This quarter’s report includes the following new contracts:
• Leiv Eiriksson. – Awarded a two-well contract, plus three one-well options in Norway;
• Discoverer Inspiration – Awarded a three-well contract, plus three one-well options in the U.S. Gulf of Mexico;
• Deepwater Asgard – Awarded an estimated 200-day contract, plus four 74-day options in the U.S. Gulf of Mexico;
• Development Driller III – Awarded a one-year contract in Trinidad;
• Dhirubhai Deepwater KG2 – Awarded a 180-day contract, plus three one-well options in Myanmar;
• Leiv Eiriksson – Awarded a one-well contract in Norway;
• Deepwater Invictus – Customer exercised a one-year option in the U.S. Gulf of Mexico;
• Transocean Norge – Customer exercised two one-well options in Norway;
• Deepwater Nautilus – Customer exercised 180-day option in Malaysia; and
• Deepwater Asgard – Customer exercised a 74-day option in the U.S. Gulf of Mexico.
Transocean owns or has partial ownership interests in, and operates a fleet of 45 mobile offshore drilling units consisting of 28 ultra-deepwater floaters, 14 harsh environment floaters, and three midwater floaters. In addition, Transocean is constructing two ultra-deepwater drillships.
The company has two newbuild drillships Deepwater Atlas and Deepwater Titan under construction. The two Jurong Espadon III units are expected to be delivered in 2020 and 2021 respectively.
(Source: Transocean – Image: Dhirubhai Deepwater KG2 )