Transocean has secured a contract valued at approximately $158m (SFr123.57m) for the Deepwater Asgard drill-ship in the Eastern Mediterranean Sea.
The contract covers the drilling of five wells and is scheduled to begin in the fourth quarter of 2026 (Q4 2026), with work expected to last for approximately 390 days.
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The identity of the operator was not disclosed.
The contract value excludes any potential additional services or compensation for mobilising and demobilising the vessel.
The Deepwater Asgard is a DSME 12000 ultra-deep-water drill-ship designed for demanding offshore drilling operations.
It was constructed at the DSME shipyard in South Korea and entered service in 2014.
The vessel is classified as a DNV X1A1 ship-shaped drilling unit, with BIS crane-offshore DRILL and the DYNPOS(AUTRO-CBT) E0 HELDK dynamic positioning system.
The ship measures 238m in length, 42m in width and 19m in depth. It operates at a draft of 12m and has a transit draft of 9m.
The vessel provides accommodation for up to 200 persons.
When operating, it displaces 104,000t and its variable deck load is 20,535t during both operations and transit.
The Deepwater Asgard can reach a transit speed of up to 12.5 knots.
This drill-ship is designed to operate in water depths of up to 12,000ft (3,658m) and is currently outfitted for depths of 10,000ft.
The maximum drilling depth for the vessel is 40,000ft.
This contract forms part of Transocean’s recent backlog additions, which include new agreements for the Transocean Barents in Norway, as well as the Deepwater Orion, Deepwater Aquila and Deepwater Corcovado in Brazil.
Together, these new contracts have increased Transocean’s total backlog by approximately $1.6bn since early April.
Transocean provides offshore contract drilling services for oil and gas wells worldwide.
The company focuses on ultra-deep-water and harsh environment drilling and operates a fleet of 27 mobile offshore drilling units, comprising 20 ultra-deep-water floaters and seven harsh environment floaters.
