Ion-Creations/iStock Editorial via Getty Images
- Transocean (NYSE:RIG) on Tuesday 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 $392 million excludes a mobilization fee of 90 times the contract dayrate.
- The new contract is expected to commence in the third quarter of 2023.
- Shares +4.2% at $7.03 after hours.