Transocean announced that the ultra-deepwater drillship, Dhirubhai Deepwater KG2, has been awarded a 910-day contract by a national oil company for work offshore Brazil. The estimated backlog of $392M excludes a mobilization fee of 90 times the contract dayrate. The new contract is expected to commence in the third quarter of 2023.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on RIG:
- Here’s Why Transocean (NYSE:RIG) Stock Has Nearly Doubled in Six Months
- Transocean Ltd. Announces $392 Million Contract Award for Ultra-Deepwater Drillship
- Transocean price target raised to $10 from $8 at BTIG
- Transocean Ltd. Announces Fourth Quarter, Full Year 2022 Earnings Release Date
- Transocean call volume above normal and directionally bullish