Key Takeaways Transocean announced a six-well Deepwater Skyros contract in Australia for a 320-day campaign.The 320-day program is expected to begin in Q1 2027 and add about $130M in backlog.The award includes priced options that could keep the drillship working in Australia into early 2030.Transocean Ltd. (RIG) , a global leader in offshore drilling services, has announced the signing of a major contract for its Deepwater Skyros drillship in Australia. This six-well contract, awarded by an undisclosed oper ...

Core Insights - Transocean, Inc. added approximately $199 million to its contract backlog in Q2 2025, securing four new contracts and extensions with various customers [1][8] - The total contract backlog reached approximately $7.2 billion as of July 16, 2025, indicating strong demand for the company's advanced fleet and drilling management services [6][8] Contract Extensions and New Contracts - The Transocean Spitsbergen rig secured a contract extension with Equinor for offshore work in Norway, with a dayrate of $395,000 [2] - Transocean Equinox received a contract extension from an undisclosed client in Australia, with a dayrate of $540,000, scheduled to begin drilling for ConocoPhillips in September 2025 [3] - A new contract was secured for the Deepwater Skyros drillship with Murphy Oil, involving drilling three wells in Ivory Coast at a dayrate of $361,000, starting in December 2025 [4] - The Deepwater Mykonos drillship received a 60-day extension with Petrobras, with an option for an additional 120 days [5]