Transocean signs $1B+ deal with Equinor for three rigs in Norway
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Transocean Ltd. Announces Agreement with Equinor Valued at Over $1 Billion
June 30, 2026 4:22 PM EDTSTEINHAUSEN, Switzerland, June 30, 2026 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) (Transocean) today announced its entry into an agreement with Equinor, conditional to license approvals, for the use of three of its harsh environment semisubmersible rigs on the Norwegian shelf. In aggregate, this agreement is worth over $1 billion in contract backlog over seven rig years, excluding additional services. The base day rate of $399,000 per day excludes adjustment provisions that will be effective prior to commencement and result in an effective day rate exceeding $400,000 per day at commencement.
The agreement... More
