Transocean Secures New Drilling Assignment in the Gulf of Mexico
RIGTransocean(RIG) ZACKS·2024-09-12 21:46

Transocean Ltd. (RIG) has secured a new assignment with the British oil major, BP plc (BP) , in the U.S. Gulf of Mexico. The company’s Deepwater Atlas ultra-deepwater drillship has been contracted for the assignment. The contract, valued at $232 million, has a duration of 365 days, with a 365-day option. Work related to the assignment is expected to begin in the second quarter of 2028. The Deepwater Atlas drillship is one of the two eighth-generation drillships to join Transocean’s fleet in 2022.  Notably, ...