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Transocean Secures $100 Million in Drilling Contracts Across Australia, Brazil, and Africa

Transocean Secures $100 Million in Drilling Contracts Across Australia, Brazil, and Africa
18 July 2025 48

Transocean is strengthening its position in the global offshore drilling market by signing three new contracts worth approximately $100 million. Operations are scheduled in Australia, Brazil, and Côte d’Ivoire.

One of the highlights is the Equinox rig, which will now operate through September 2026 at an impressive day rate of $540,000 — one of the highest in the market.

In Brazil, Petrobras is extending its contract with the Deepwater Mykonos, while in Africa, TotalEnergies has booked the Deepwater Skyros from December 2025 through March 2026.

The offshore drilling market is gaining momentum, and Transocean’s total backlog has now exceeded $7.2 billion.

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