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Transocean Ltd. Announces Exercised Options Totaling $89 Million

Transocean Ltd. (RIG) | November 18, 2025

By Laura Young

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Transocean Ltd. announced contract fixtures for one ultra-deepwater drillship and two harsh environment semisubmersibles, totaling approximately $89 million in firm contract backlog.

Petrobras exercised a 90-day option for the Deepwater Mykonos in Brazil, expected to contribute around $33 million in backlog.

In Norway, a two-well option was exercised for the Transocean Enabler at a dayrate of $453,000 per day.

In Romania, OMV Petrom exercised a one-well option for the Transocean Barents at a dayrate of $480,000 per day.

Contract Fixtures

$89 million in firm contract backlog for one drillship and two semisubmersibles.

Brazil Operations

Petrobras exercised a 90-day option for the Deepwater Mykonos, adding $33 million in backlog.

Norway Ventures

Two-well option for the Transocean Enabler at a dayrate of $453,000 per day.

Romania Expansion

OMV Petrom exercised a one-well option for the Transocean Barents at $480,000 per day.

  • The announced contract fixtures contribute significantly to Transocean's firm contract backlog.
  • Strengthening operations in Brazil, Norway, and Romania reflects the company's diverse market presence and revenue streams.

Transocean's recent contract fixtures and exercised options underscore its strategic growth in key markets. The company's focus on technically demanding sectors positions it well for future success.