Transocean Ltd., the biggest offshore-rig operator, won a contract to drill four wells off Norway for Det Norske Oljeselskap ASA at a day rate of about $180,000, the lowest recorded tariff in the Nordic country since oil began to tumble last year.
“It’s a clear sign of desperation and how bad it’s become,” Janne Kvernland, an analyst at Nordea Markets, said Monday in an e-mail.
Det Norske, a Norwegian oil producer controlled by billionaire Kjell Inge Roekke, said last month that the tender had attracted interest from 14 rigs, an unusually high number for this type of contract. The $44.8 million deal, covering an estimated 250 days starting in December next year, corresponds to $179,000 a day.
Brazil Energy Insight 
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