STEINHAUSEN, Switzerland, Sept. 22, 2022 (GLOBE NEWSWIRE) — Transocean Ltd. (NYSE: RIG) introduced at the moment that the cruel setting semi-submersible, Transocean Norway, obtained a contract award from Wintershall Dea Norge and OMV Norge granting the unique proper to drill the entire wells for his or her respective drilling campaigns beginning in 2023 by 2027, topic to rig availability and different situations.
The contract supplies that the Transocean Norway will drill eleven wells for Wintershall Dea Norge and 6 wells for OMV Norge. A portion of this work is topic to operator and authorities approvals. Assuming that every one approvals are obtained, the total contract interval is 1,071 days at a median dayrate of $408,000 which might contribute $437 million in backlog, excluding bonuses and extra companies. As well as, the contract accommodates further mounted value choice wells.
The present agency time period is at present 208 days, which contributes roughly $72 million in backlog. Backlog estimates exclude any income related to further services or choices that could be exercised as a part of the contract.
Transocean owns a 33.0% curiosity within the Transocean Norway by a three way partnership with Hayfin Capital Administration LLP (“Hayfin”). Sure associates of Hayfin personal the remaining 67.0% possession curiosity.
Transocean is a number one worldwide supplier of offshore contract today techs drilling companies for oil and gasoline wells. The corporate makes a speciality of technically demanding sectors of the worldwide offshore drilling enterprise with a specific give attention to deepwater and harsh setting drilling companies, and believes that it operates the very best specification floating offshore drilling fleet on the planet.
Transocean owns or has partial possession pursuits in, and operates a fleet of 37 cellular offshore drilling items, consisting of 27 ultra-deepwater floaters and 10 harsh setting floaters. As well as, Transocean is developing two ultra-deepwater drillships.
For extra details about Transocean, please go to: www.deepwater.com.
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