Transocean Ltd. Announces Contract Award and Extension Totaling $184 Million

Core Viewpoint - Transocean Ltd. has secured contract fixtures for two harsh environment semisubmersibles in Norway, amounting to approximately $184 million in firm contract backlog [1]. Group 1: Contract Details - The Transocean Encourage has been awarded a seven-well contract extension, estimated to provide approximately $152 million in backlog over 365 days of work starting in Q1 2027 [2]. - Two one-well options have been exercised for the Transocean Enabler, contributing approximately $32 million in backlog for an additional 70 days of work, committing the rig through December 2027 [3]. Group 2: Company Overview - Transocean is a leading international provider of offshore contract drilling services, focusing on ultra-deepwater and harsh environment drilling, operating the highest specification floating offshore drilling fleet globally [4]. - The company owns or has partial ownership interests in a fleet of 27 mobile offshore drilling units, which includes 20 ultra-deepwater floaters and seven harsh environment floaters [5].