Transocean announced that an independent operator awarded a 1,080-day contract for a high-specification seventh-generation, ultra-deepwater drillship in the Gulf of Mexico offshore Mexico. One of three drillships will be selected by Transocean from among Deepwater Invictus, Deepwater Thalassa, and Deepwater Proteus no later than one year prior to the earliest date in the commencement window. The contract will contribute approximately $518M in backlog, excluding revenue for mobilization and demobilization, and is expected to commence between the Q4 of 2025 and Q2 of 2026. The contractual dayrate is subject to a semi-annual cost adjustment mechanism with a baseline established as of July 1. There are no additional services provided under the contract.
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