Transocean announces $80 million contract for Ultra-Deepwater Drillship

September 21, 2026
Deepwater Conqueror drillship; Source: Transocean credit:Offshore Energy

Transocean  announced that the Deepwater Conqueror was awarded a two-well contract for work in Equatorial Guinea with an undisclosed operator. The estimated 170-day campaign is expected to commence in 2027 in direct continuation of the rig’s current contract in the U.S Gulf and contribute approximately $80 million in backlog, excluding additional services and compensation for mobilization and demobilization.

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