Transocean secures $158M contract for ultra-deepwater drilling in Eastern Mediterranean starting Q4 2026

Transocean Ltd. announced a $158 million contract for its Deepwater Asgard drillship to conduct a five-well campaign in the Eastern Mediterranean Sea, expected to start in Q4 2026 and last about 390 days. This contract adds to Transocean's growing backlog, which has reached approximately $1.6 billion since early April, including other recent contracts in Norway and Brazil. The deal highlights Transocean's strong position in the ultra-deepwater drilling market and supports its fleet utilization. The company continues to focus on technically demanding offshore drilling projects worldwide.