Transocean
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Rig will continue to work offshore India.
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The heated global floating rig market has day rates for high-end units climbing over a half million dollars and toward a newbuild cycle that will (likely) never come.
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The rigs will work in the Norwegian Sea and on the Johan Castberg field.
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Drillship Deepwater Titan is the first rig delivered with two 20,000-psi blowout preventers.
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Transocean rigs will start new contracts in Brazil in the second half of 2023.
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The extension will keep the semisubmersible rig busy to April 2025.
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A new report shows that the tight offshore rig market is even tighter than most estimates reflect. This offers relief to battered drilling contractors which are now demanding higher dayrates.
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Drillers are feeling good about higher oil prices, but only to a point.
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Equinor will use the semisubmersible rig Transocean Enabler, which is already under contract, for the work planned for later this year.
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Intellilift and Transocean are working together on a software solution to expedite the well construction process.
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