Transocean secures $1B+ deal with Equinor for three rigs on Norwegian shelf through 2028.

Transocean Ltd. has signed an agreement with Equinor valued at over $1 billion for the use of three harsh environment semisubmersible rigs on the Norwegian shelf. The contract covers seven rig years, with day rates starting at $399,000 and expected to exceed $400,000. The rigs, designed for Norwegian winter conditions, will operate from 2027 to 2028. This deal highlights the strength of Norway's offshore drilling market and reinforces Transocean's partnership with Equinor, focusing on efficiency, cost-effectiveness, and safety.