Wednesday – April 22, 2026
Finance

Transocean Ltd. Announces $243 Million in Exercised Options for Ultra-Deepwater Drillships

Deepwater Atlas. (Image credit: Transocean)

Transocean Ltd. has announced contract fixtures for two of its ultra-deepwater drillships. In aggregate, the fixtures represent approximately $243 million in firm contract backlog. 

In the US Gulf of America, bp exercised a 365-day option for the Deepwater Atlas in direct continuation of its firm contract. The program is expected to contribute approximately $232 million in backlog.

In Brazil, Petrobras exercised a 30-day option for the Deepwater Mykonos in direct continuation of its firm program. The program is expected to contribute approximately $11 million in backlog.

Transocean owns or has partial ownership interests in and operates a fleet of 27 mobile offshore drilling units, consisting of 20 ultra-deepwater floaters and seven harsh environment floaters.

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