Transocean adds $1.1B to backlog with Shell and Equinor deals

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Go back to Transocean adds $1.1B to backlog with Shell and Equinor deals

Transocean Ltd. Announces Contract Backlog of Approximately $1.1 Billion, Including Fully Approved Equinor Agreement

October 9, 2026 6:04 AM EDT

STEINHAUSEN, Switzerland, Oct. 09, 2026 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) (Transocean) today announced a new contract award representing approximately $62 million in firm contract backlog and the formal approval of the previously announced Equinor agreement resulting in conversion of the $1.0 billion contract value to firm backlog.

The Transocean Norge was awarded a two-well contract with A/S Norske Shell. The estimated 120 days of work is expected to commence in direct continuation of the rig's previously awarded programs in Norway and contribute approximately $62 million in backlog, excluding additional services. The... More