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Home » Transocean secures $243 million in contract extensions for ultra-deepwater drillships
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Transocean secures $243 million in contract extensions for ultra-deepwater drillships

omc_adminBy omc_adminOctober 5, 2025No Comments1 Min Read
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Transocean Ltd. has announced that two of its ultra-deepwater drillships have received exercised contract options totaling $243 million in additional firm backlog.

In the U.S. Gulf of America/Gulf of Mexico, bp exercised a 365-day option for the Deepwater Atlas, extending operations in direct continuation of its current contract. The program is expected to contribute approximately $232 million in backlog.

In Brazil, Petrobras exercised a 30-day option for the Deepwater Mykonos, also in direct continuation of its ongoing work, adding about $11 million in backlog.

Transocean said the fixtures reflect continued strong demand for high-specification rigs in ultra-deepwater basins. The company operates a fleet of 27 mobile offshore drilling units, including 20 ultra-deepwater floaters and seven harsh-environment rigs.



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