Transocean Awarded Two U.S. Gulf Contracts For Its Ultra-Deepwater Drillships Totaling ~$550M In Firm Backlog

Transocean has secured two contracts for its ultra-deepwater drillships in the U.S. Gulf, totaling approximately $550 million in firm backlog. The Deepwater Proteus will undertake a ten-well contract estimated at $325 million, starting in Q1 2027, while the Deepwater Conqueror has a five-well contract worth about $225 million, set to begin in Q3 2027. Both contracts will continue the rigs' existing operations in their respective regions.