Transocean Secures $550 Million in U.S. Gulf Drillship Contracts

Transocean secured contracts for two ultra-deepwater drillships in the U.S. Gulf, adding approximately $550 million to its firm contract backlog. The awards come as the offshore drilling contractor pursues a proposed business combination with Valaris Limited.

The Deepwater Proteus received a ten-well contract estimated at 700 days. This agreement is expected to contribute $325 million to the company's backlog starting in the first quarter of 2027.

The Deepwater Conqueror was awarded a five-well contract estimated at 450 days, which will contribute $225 million in backlog starting in the third quarter of 2027. The vessel is currently located in Equatorial Guinea before its scheduled move to the U.S. Gulf.