Overview
- Transocean said its Deepwater Asgard drillship won a five-well assignment in the Eastern Mediterranean with an undisclosed operator, estimated at 390 days and slated to start in the fourth quarter of 2026.
- The company said the roughly $158 million backlog figure excludes pay for extra services plus mobilization and demobilization.
- With earlier April fixtures for Transocean Barents in Norway and the Deepwater Orion, Deepwater Aquila, and Deepwater Corcovado in Brazil, reported backlog additions now total about $1.6 billion for the month.
- Deepwater Asgard is a 2014-built ultra-deepwater ship that can drill in up to 12,000 feet of water, reach 40,000 feet total depth, and house about 200 crew and specialists.
- Transocean, which operates 27 floating rigs across ultra-deepwater and harsh environments, noted standard forward-looking risks that could change timing or outcomes.