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Transocean secures $185M in new offshore drilling contracts in Norway and Australia.

Market News
16 Jun 2026
Globe News Wire
View Source
Bullish
pluang ai news

Transocean Ltd. announced new contract awards totaling approximately $185 million for two of its harsh environment semisubmersible rigs. The Transocean Norge secured a five-well contract with Harbour Energy in Norway, expected to start in early 2028 and contribute about $149 million to backlog. Meanwhile, the Transocean Equinox won a two-well contract with Santos in Australia, starting in mid-2027 and adding around $36 million to backlog. These contracts strengthen Transocean's position in offshore drilling for challenging environments and provide revenue visibility for the coming years.

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