Transocean secures $184M drilling contract for Equinox rig in Australia

Transocean secured a 16-well binding award for the Transocean Equinox harsh-environment semisubmersible in Australia from a consortium of four operators. The estimated 380-day campaign adds approximately $184 million in backlog, with options that could extend into 2028.

“The $484,000/day rate for the contract represents a new high mark for harsh-environment semisubmersibles since the 2014 downturn.”drillingcontractor.org

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• drillingcontractor.orgTransocean secures award for semisubmersible offshore Australia - Drilling ContractorStephen WhitfieldJun 29, 2023

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