Transocean’s Backlog and Contracts



Transocean’s backlog

As of February 19, 2018, Transocean (RIG) had a backlog of $12.8 billion—up from $9.4 billion in October 2017. After many quarters, Transocean’s backlog has risen. Since 2015, Transocean’s backlog has fallen continuously every quarter. A company’s backlog can give some indication of its future revenue. The backlog is the maximum contractual operating day rate multiplied by the number of days remaining in the firm contract period.

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Backlog breakup

While 65% (~$8.3 billion) of Transocean’s backlog is through ultra-deepwater floaters, harsh-environment floaters account for ~$4.2 billion of its current backlog.


Transocean has been awarded many new contracts, according to its first fleet status report for 2018.

  • In the US Gulf of Mexico, Transocean has been awarded a three-well contract for its drillship Deepwater Asgard by Murphy Oil (MUR). Transocean also has a one-well option. The contract will commence in June 2018.
  • Another drillship—Deepwater Invictus—was awarded a two-well contract extension by BHP.
  • Three other drillships also won contracts. Discover India was awarded a five-well contract. Dhirubhai Deepwater KG1 and KG2 secured contracts in India and Myanmar.
  • Transocean’s semi-submersibles won several contracts. Deepwater Nautilus secured a one-well contract with Shell (RDS.A). Transocean Arctic secured contracts in the North Sea.


Noble (NE) announced one contract in its latest fleet status report. Diamond Offshore (DO) secured two contracts. There were some other developments in Diamond Offshore’s first fleet status report in 2018.


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