WASHINGTON (dpa-AFX) - Transocean Ltd. (RIG), an offshore contract drilling services provider for oil and gas wells, on Tuesday said it received a 1,080-day contract worth $518 million from an independent operator for ultra-deepwater drillship in the Gulf of Mexico.
The contract will contribute about $518 million in backlog, excluding revenue for mobilization and demobilization, and is expected to commence between the fourth quarter of 2025 and second quarter of 2026, the company said in a statement.
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