Fossil Energy – Drilling
Transocean has secured more work for two semisubmersible drilling rigs operating offshore Norway, both from the current clients.
The combined value of the two awards is about $236 million.
The seven-well contract extension for Transocean Encourage is due to start in first-quarter 2027, as an indirect continuation of the rig’s present program. The activity is expected to take approximately a year to complete.
For Transocean Enabler, the exercised two one-well options (excluding additional services) will take effect upon completion of the rig’s current activity.
The added 70 days of work will keep the rig committed through December 2027.
