Transocean Secures $550 Million in Deepwater Drilling Contracts

The Deepwater Proteus drillship secured a 10-well contract valued at approximately $325 million. This assignment is slated to begin in the first quarter of 2027 and will span roughly 700 days of offshore work.

Concurrently, the Deepwater Conqueror rig landed a five-well agreement contributing an estimated $225 million to the company’s backlog, a figure that excludes potential mobilization fees. That project is scheduled for a third-quarter 2027 start date, effectively continuing the rig’s existing program in Equatorial Guinea for a duration of 450 days.