Offshore drilling contractor Transocean has secured $352.9m in new rig contracts and extensions, increasing opportunities for its ultra-deepwater and harsh environment drilling services.
The new awards represent a sign of ongoing improvement of the company in the offshore drilling market.
Rigzone reported that these contracts form two thirds of additional backlog since last October.
Transocean president and CEO Jeremy Thigpen said: “Customer demand for the highest specification ultra-deepwater floaters now equals or exceeds the number of marketable rigs currently available in many areas.
“As a result, new contracts more consistently reflect materially increased day rates, which will generate significantly improved cash flow.”
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