Swiss offshore drilling giant Transocean announced two charter contracts on its official website, with a total value of $603 million.
On April 14, Transocean announced that it had signed a 1,156-day contract extension with Petrobras in direct continuation of its current activity. The extension is expected to contribute approximately $445 million in incremental backlog and commit the rig through November 2030. Prior to the extension period, from April 1, 2026, until the commencement of the new contract in September 2027 (approximately 525 days), the existing backlog will be reduced by approximately $20 million.
According to the data, the “Deepwater Corcovado” adopts the Samsung 10000 (enhanced) design and was built and delivered by Samsung Heavy Industries in 2011. It has a maximum operating water depth of 10,000 feet, a maximum drilling depth of 40,000 feet, a crew of 205, and is equipped with a DP3 dynamic positioning system.
On April 16, Transocean announced that the Deepwater Asgard was awarded a five-well contract in the Eastern Mediterranean Sea with an undisclosed operator. The estimated 390-day campaign is expected to commence in the fourth quarter of 2026 and contribute approximately $158 million in backlog, excluding additional services and compensation for mobilization and demobilization.
According to the data, the “Deepwater Asgard” adopts the DSME 12000 design and was built and delivered by Hanwha Oceam (formerly Daewoo Shipbuilding & Marine Engineering) in 2014. It has a maximum operating water depth of 12,000 feet, a maximum drilling depth of 40,000 feet, a crew of 200, and is equipped with a DP3 dynamic positioning system.
Inclusive of the recently announced fixtures on the Transocean Barents in Norway, and the Deepwater Orion, Deepwater Aquila, and Deepwater Corcovado in Brazil, total backlog additions approximate $1.6 billion since the beginning of April.