Transocean Ltd. announced that the ultra-deepwater drillship, Deepwater Asgard, received two contract awards in the U.S. Gulf of Mexico for approximately 14 months of work, adding $181 million to the firm backlog.
The first award is a one-well contract with Murphy Oil Corporation at $395,000 daily. The contract is expected to commence late this fall after the rig completes its current contract and a planned out-of-service period. The agreement also includes an option for a second well at the same day rate. The backlog for the firm contract is approximately $20 million.
The second award, a one-year contract with another operator at $440,000 per day (plus up to $40,000 per day for additional products and services), is expected to commence in the first half of 2023. This contract also includes three, one-year option periods at mutually agreed day rates. The firm backlog associated with the contract is estimated to be approximately $161 million, excluding any revenue associated with the additional products and services.
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