NYSE:RIGEnergy Services
The Bull Case For Transocean (RIG) Could Change Following Major Equinor Multi‑Year Rig Backlog Deal
Transocean Ltd. previously announced an agreement with Equinor, subject to license approvals, to deploy three harsh-environment “Cat D” semisubmersible rigs on the Norwegian shelf, adding over US$1.00 billion to its contract backlog across seven rig years at a base day rate of US$399,000 that is expected to exceed US$400,000 at commencement.
The deal, which extends work on Transocean Enabler, Transocean Encourage and Transocean Endurance into 2027–2028, underscores the value of its...