Transocean Nets $168M in Two Drilling Rig Contracts
January 5, 2026
Deepwater Mykonos drillship (Credit: Transocean)
Offshore drilling contractor Transocean has secured a new contract and an extension for two of its rigs, adding approximately $168 million to its firm backlog.
In Brazil, the Deepwater Mykonos was awarded a contract by BP for an estimated 302-day campaign beginning in the third quarter of 2026.
The contract is expected to contribute around $120 million to the backlog, excluding mobilization, demobilization, and additional services.
In Norway, three one-well options have been exercised for the Transocean Enabler, adding approximately 105 days of work.
The extension will contribute about $48 million to the backlog and keep the rig operating through September 2027.
