NYSE:RIGEnergy Services
Assessing Transocean (RIG) Valuation After New US$1.6b Offshore Contract Wins
Why Transocean (RIG) is back on investors’ radar
Transocean (RIG) has just secured several large offshore drilling contracts, including a US$158 million deal for the Deepwater Asgard and a long extension for Deepwater Corcovado with Petrobras.
These agreements add about US$1.6 billion to Transocean’s backlog since early April. This gives investors fresh information on future contracted work and revenue visibility for the company’s ultra deepwater fleet.
See our latest analysis for...