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

Oct 19, 2026 · 06:24 AM ET· updated 53m ago

The Deepwater Proteus was awarded a ten-well contract with an undisclosed operator in the U.S. Gulf. The estimated 700-day campaign is expected to contribute approximately $325 million in backlog and commence in the

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Why It Matters

Transocean got two big drilling contracts worth about $550 million. This means the company has more work lined up, which shows customers still need their ships.

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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.

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