Offshore drilling giant Transocean has secured two extensions and one new contract for three of its rigs.
According to information provided in the company’s fleet status report, an undisclosed client exercised two one-well options in Australia for the 2015-built semisub Transocean Equinox.
The rig is currently working in Australia on a $485,000 dayrate. The fixed term was set to end in May 2026. The two options at a dayrate of $540,000 will keep the rig busy until September 2026.
Another extension was awarded to the 2011-built Deepwater Mykonos. The drillship was awarded a 60-day extension in Brazil by Petrobras, plus options up to an incremental 120 days. The rig has been working for the Brazilian state-owned company since October 2023.
The extension will kick in in October 2025 and last until December 2025. The dayrate was not disclosed. It is currently working on a deal worth $375,000 per day.
TotalEnergies hired the 2013-built Deepwater Skyros drillship. The drillship is already working for the French company in Angola and is set to complete its work there in September this year.
The three-well contract in Ivory Coast, which has a one-well option, has a dayrate of $361,000 and is set to begin in December 2025 and end in March 2026.
Splash reported last month that the company won a two-well extension for the Transocean Spitsbergen from Equinor. The $100m extension will keep the rig working for Equinor from June this year until August 2027.
The aggregate incremental backlog associated with these four fixtures is approximately $199m. As of July 16, 2025, the company’s total backlog is approximately $7.2bn.
