Transocean Ltd. has won contracts worth approximately $550 million for two ultra-deepwater drillships operating in the U.S. Gulf. The Deepwater Proteus will undertake a 700-day, ten-well campaign starting in Q1 2027, adding about $325 million to backlog. The Deepwater Conqueror received a five-well contract for roughly 450 days starting in Q3 2027, contributing around $225 million to backlog. These contracts extend Transocean's presence in the U.S. Gulf and reflect ongoing demand for offshore drilling services in ultra-deepwater environments.
Following Transocean Ltd.'s announcement of $550 million in new ultra-deepwater drilling contracts, its stock price remains steady on Pluang at USD 5.62 as of Oct 19, 2026 17:21 WIB. The company's market capitalization stands at $6.28 billion, reflecting its significant presence in the energy sector. Despite the fresh contract news, the stock shows no change in the last day, maintaining a stable position between its 52-week low of $3.26 and high of $7.58.
