Transocean ltd. announces $251 million harsh environment semisubmersible contract

Steinhausen, switzerland, dec. 12, 2023 (globe newswire) -- transocean ltd. (nyse: rig) (“transocean”) today announced a minimum 540-day contract for the transocean barents with omv petrom s.a. in the romanian black sea at a rate of $465,000 per day, excluding additional services. the program is expected to commence in the first quarter of 2025 and is estimated to contribute approximately $251 million in backlog, excluding full compensation for mobilization and a demobilization fee. for each day over 540 days, including the two option periods, the operating dayrate will be $480,000.
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