Transocean Reports Fleet Status, Updates on Contract Information

Transocean Ltd. issued a quarterly Fleet Status Report, highlighting updates on its fleet of offshore drilling rigs. The report includes the exercise of options on the Transocean Equinox and Transocean Spitsbergen, a new contract for the Deepwater Skyros, and a 60-day extension for the Deepwater Mykonos. The total backlog is approximately $7.2 billion, with incremental backlog of $199 million.

Transocean Ltd. (NYSE: RIG) has released its quarterly Fleet Status Report, providing updates on its fleet of offshore drilling rigs. The report highlights several key developments, including the exercise of options on the Transocean Equinox and Transocean Spitsbergen, a new contract for the Deepwater Skyros, and a 60-day extension for the Deepwater Mykonos. These updates have added approximately $199 million to the company's backlog, bringing the total backlog to $7.2 billion as of July 16, 2025 [1].

The report details that the Transocean Equinox had two one-well options exercised in Australia at a dayrate of $540,000. Similarly, the Transocean Spitsbergen had a two-well option exercised in Norway at a dayrate of $395,000. Additionally, the Deepwater Skyros was awarded a three-well contract in Ivory Coast, with a one-well option at a dayrate of $361,000. The Deepwater Mykonos was awarded a 60-day extension in Brazil, with options up to an incremental 120 days [2].

These contract updates reflect the company's ongoing efforts to secure and maintain drilling contracts in various regions. The incremental backlog of $199 million is a significant addition to the company's total backlog, demonstrating the company's ability to secure new business and extend existing contracts.

Transocean operates a fleet of 32 mobile offshore drilling units, consisting of 24 ultra-deepwater floaters and eight harsh environment floaters. The company specializes in technically demanding sectors of the global offshore drilling business, with a particular focus on deepwater and harsh environment drilling services [1].

Forward-looking statements in the report caution that actual results may differ materially from those indicated by the company's expectations and assumptions. Factors that could impact these results include estimated contract durations, dayrate amounts, future contract commencement dates and locations, planned shipyard projects, and various risks associated with international operations and the global oil and gas market [2].

The report can be accessed on the company's website: www.deepwater.com.

References:
[1] https://www.globenewswire.com/news-release/2025/07/16/3116850/0/en/Transocean-Ltd-Provides-Quarterly-Fleet-Status-Report.html
[2] https://www.stocktitan.net/news/RIG/transocean-ltd-provides-quarterly-fleet-status-bpmrrtbhbdsc.html