Transocean wins $550M in drillship contracts in U.S. Gulf

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 10/22/2026

1. META
2. TSLA
3. IBM
4. TXN
5. LRCX
6. LVS
7. CSX
8. SAP
9. QGEN
10. ELV

Go back to Transocean wins $550M in drillship contracts in U.S. Gulf

Transocean Ltd. Announces Contract Awards Totaling $550 Million

October 19, 2026 6:10 AM EDT

STEINHAUSEN, Switzerland, Oct. 19, 2026 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) (Transocean) today announced contract awards for two of its ultra-deepwater drillships in the U.S. Gulf. In aggregate, the fixtures represent approximately $550 million in firm contract backlog.

The Deepwater Proteus was awarded a ten-well contract with an undisclosed operator in the U.S. Gulf. The estimated 700-day campaign is expected to contribute approximately $325 million in backlog and commence in the first quarter of 2027 in direct continuation of the rigs current U.S. Gulf contract.

The... More