Transocean Receives ~$62M Firm Contract Award Alongside Formal Approval Of Previously Announced Equinor Agreement; Converts $1B Contract Value To Firm Backlog

Transocean has secured a two-well contract with A/S Norske Shell, contributing approximately $62 million to its backlog, with work expected to begin shortly. Additionally, the company received final approval from Equinor for a previously announced agreement involving three semisubmersible rigs, which adds about $1 billion to its backlog. The contract with Equinor includes the Transocean Enabler, Transocean Encourage, and Transocean Endurance.