<h4>Transocean&#8217;s Total Backlog Peaks At $6.2 Billion In July</h4>
<p>OpenLife Nigeria reports that at the moment, things appear to be looking up for Transocean, an offshore drilling services provider and developer of oil and natural gas reserves.<br />
Fresh information indicates that the company’s total backlog has approximately hit $6.2 billion as of 25 July.<br />
This information was obtained from its latest fleet status report issued on 25 July.<br />
Transocean noted that several new contracts have been awarded.<br />
Among them, the company was awarded a 10-well contract in Angola from Total Energies for the Deepwater Skyros drillship at a rate of $310,000/day. It also netted a two-well contract extension from Woodside for its Deepwater Invictus drillship in the US Gulf of Mexico at $375,000/day.</p>
<p>Transocean listed two updates for its Transocean Spitsbergen harsh-environment semisubmersible. Operator Equinor exercised two one-well options in Norway at $305,000/day for the rig, as well as an additional nine-well firm contract at $335,000/day that includes two one-well options at $375,000/day. The Paul B Loyd Jr harsh-environment semisubmersible was awarded a one-well contract, plus two one-well options and an eight-well option for plugging and abandonment services in the UK, each at $175,000/day.</p>
<p>The company’s Dhirubhai Deepwater KG1 drillship was awarded an estimated 86-day contract extension plus up to four option wells (270 days) in India at $330,000/day by Reliance. The Deepwater Mykonos drillship was awarded a 435-day contract, plus options up to an incremental 279 days in Brazil at approximately $364,000/day by an unnamed operator.</p>
<p>The aggregate incremental backlog associated with these contracts is approximately $650 million. As of 25 July, the company’s total backlog is approximately $6.2 billion.</p>
<p><em><strong>Source: Drilling Contractors Magazine</strong></em></p>

JUST IN: Nigerian Islamic Cleric OpenLife reports that Islamic cleric, Ahmad Gumi, has…
Most Active Terrorist In The World Eliminated In Nigeria---President Trump OpenLife Nigeria reports that the…
Saipem Contracting OpenLife Reports that the Nigeria’s Inland Revenue Service (IRS) has filed…
JUST IN: Tension Envelopes Oyo State As Gunmen Abduct School Principal, Unspecified Number Of Students…
As Maraji Counters Frank Edoho’s Views On Love And Infidelity OpenLife reports that a…
BREAKING: Sandra Reveals Real Reason For Breaking Up With Frank Edoho OpenLife reports…
This website uses cookies.