Transocean Ltd. has announced that two of its ultra-deepwater drillships have received exercised contract options totaling $243 million in additional firm backlog.
Transocean has been awarded a USD 232-million contract from BP for the Deepwater Atlas drillship to carry out works in the US Gulf of Mexico, the company said on Wednesday.
It looks like the offshore oil and gas drilling market is in the early innings of an upcycle in investment and activity