STEINHAUSEN, SWITZERLAND [By Transocean, 9.Oct.2026, Words: 125) — Transocean Ltd. announced a new contract award representing approximately $62mn in firm contract backlog and the formal approval of the previously announced Equinor agreement resulting in conversion of the $1bn contract value to firm backlog.
The Transocean Norge was awarded a two-well contract with A/S Norske Shell. The estimated 120 days of work is expected to commence in direct continuation of the rig’s previously awarded programs in Norway and contribute approximately $62mn in backlog, excluding additional services. The contract also includes one single-well option.
In late Sep., final approval was received from Equinor for the previously announced agreement for 3 harsh environment semisubmersible rigs in Norway: Transocean Enabler, Transocean Encourage, and Transocean Endurance. The total contract value of approximately $1bn is now included in Transocean’s backlog.
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