Transocean Signs 11 Well Contract with Chevron Australia

The international provider of offshore contract drilling services for oil and gas wells Transocean (RIG) announced that the ultra-deepwater semisubmersible GSF Development Driller I was awarded an 11-well contract (approximately 955 days) commencing offshore Australia in the first half of 2019 with Chevron Australia.

The estimated firm contract backlog, excluding integrated services, is approximately USD 158 million. Additionally, the contract includes four one-well options.

Two days ago, Transocean announced that the midwater semisubmersible Transocean 712 was awarded a 13-well contract (approximately 580 days) commencing in March 2019 in the U.K. North Sea with ConocoPhillips (COP).

The estimated firm contract backlog is approximately $75 million. Additionally, the contract includes a one-well option.