Fossil Energy – Drilling Contract
Offshore drilling firm Transocean has secured a five-well drilling contract for its Transocean Equinox offshore drilling rig.
Transocean said that the semi-submersible drilling rig had won a contract with a ‘major operator’ in Australia, representing approximately $137 million in firm backlog, excluding full payment for mobilization and a demobilization fee.
According to Transocean, the 300-day contract will start in the first quarter of 2024.
The rig last worked for Equinor in Norway. It has been idle since October 2022.
