Transocean’s backlog stands at $7.2 billion as rig quartet gets more drilling work

(offshore-energy.biz) Switzerland-based offshore drilling contractor Transocean has secured a new batch of contracts and extensions in Australia, Norway, Ivory Coast, and Brazil for four floaters, encompassing two drillships and two semi-submersible rigs.

While the rig owner’s backlog was $7.9 billion in the fleet status report from April 2025, the company’s total backlog is approximately $7.2 billion as of July 16, 2025, including the aggregate incremental backlog associated with the latest four fixtures of around $199 million.

This quarter’s report confirms the award of two one-well options in Australia, which an undisclosed operator exercised for the Transocean Equinox rig at a day rate of $540,000. This rig is scheduled to begin its assignment with ConocoPhillips in September 2025.

The semi-sub will drill two wells, Essington-1 and Charlemont-1, in the Otway Basin before the end of the year. The 2015-built Transocean Equinox semi-submersible rig is of GVA 4000 NCS design. Constructed by DSME, the rig can accommodate 130 people.

Read full article: Transocean’s backlog stands at $7.2 billion as rig quartet gets more drilling work – Offshore Energy