Transocean Strengthens Backlog With Equinor's Contract Extension

Key Takeaways RIG lands a contract extension from EQNR for its Spitsbergen rig on the Norwegian Continental Shelf. The extension adds $100M to RIG's backlog, building on its previously reported $7.9B as of April 2025. Transocean Spitsbergen can drill 30,000 feet and operate in harsh, deepwater environments up to 10,000 feet.Transocean Inc. (RIG) , a leading global offshore drilling contractor, has won a contract extension for its semi-submersible rig, Transocean Spitsbergen, offshore Norway. Equinor ASA ( ...