Transocean secures $161m worth of rig extensions

Offshore drilling giant Transocean has won new deals for three of its harsh environment semisubs worth around $161m in firm contract backlog. In Norway, the 2009-built Transocean Spitsbergen was awarded a three-well contract extension with Equinor. The program is expected to start in the fourth quarter of 2025 in direct continuation of the rig’s current …

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