Transocean receives $172 million drilling extension offshore Norway

World Oil Staff July 05, 2023

(WO) – Transocean Ltd. announced that six one-well options have been exercised for the Transocean Encourage in Norway. The estimated 370 days of work will contribute approximately $172 million in backlog.

The work is expected to commence in direct continuation of the current firm term and now extends through February 2026.

Transocean is a leading international provider of offshore contract drilling services for oil and gas wells. Transocean specializes in technically demanding sectors of the global offshore drilling business with a particular focus on deepwater and harsh environment drilling services and operates the highest specification floating offshore drilling fleet in the world.

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