transocean ltd Announces $915M Contract for Ultra-Deepwater…

transocean ltd Announces $915M Contract for Ultra-Deepwater…

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STEINHAUSEN, Switzerland, August 01, 2022 (GLOBE NEWSWIRE) — Transocean Ltd. RIG announced today that the ultra-deepwater drillship, petrobras 10000, was awarded a 5.8-year contract to work off the coast of Brazil with a national oil company.

The contract adds an estimated $915 million in backlog and is expected to begin in October 2023 and end in August 2029.

Estimated inventory excludes revenue associated with anticipated customer use of the Company’s patented dual-activity technology Petrobras 10000.

About Transocean

Transocean is a leading international provider of offshore contract drilling services for oil and gas wells. The Company specializes in technically demanding sectors of the global offshore drilling business, with a particular focus on deepwater and harsh environment drilling services, and believes it operates the highest specification floating offshore drilling fleet in the world.

Transocean owns or has a stake in and operates a fleet of 37 mobile offshore drilling units consisting of 27 ultra-deepwater floaters and 10 harsh environment floaters. In addition, Transocean is building two ultra-deepwater drillships.

For more information on Transocean, visit: www.deepwater.com.

Forward-Looking Statements

The statements described herein that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements may contain words such as “possible”, “intend”, “will”, “if”, “expect” or other similar expressions. Forward-looking statements are based on management’s current expectations and assumptions and are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. As a result, actual results could differ materially from those projected in these forward-looking statements. Factors that may cause actual results to differ…



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