Transocean: Updates from Week 30

Fleet status report

In Week 30, which ended July 27, Transocean (RIG) released its quarterly fleet status report. A fleet status report includes contract information, drilling status, and planned out-of-service time for every rig. The fleet status report showed new contracts and extensions.

Transocean: Updates from Week 30

  • Transocean’s semi-submersible Transocean 712 secured a 13-well contract from ConocoPhillips (COP) in the North Sea. Its semi-submersible GSF Development Driller secured a contract with Chevron in Australia. To know more about these contracts, read Market Realists’ article Transocean’s New Contract with ConocoPhillips and Chevron.
  • Drillship Deepwater Asgard got an extension for one drill contract with Murphy, and now it will work until November 2018.
  • Semi-submersible Development Driller III secured a contract with ExxonMobil in Equatorial Guinea. The contract will begin in February 2019 at a dayrate of $192,000.
  • Semi-submersible Transocean Spitsbergen secured a three-well contract in Norway that also has six one-well options.
  • Semi-submersible Transocean Barents secured a six-month contract extension from Suncor Energy in Canada at a dayrate of $285,000. The rig was earning $260,000 under its previous contract.
  • Semi-submersible Transocean Leader secured a new contract, and Transocean Arctic got a contract extension.


Recently, Noble (NEsecured contracts with Encana and Total. Rowan Companies (RDC) also reported a few new contracts in its latest fleet status report.