Transocean exercises $100 million option for offshore drilling in Norway, adding to backlog.

From GlobeNewswire: 2025-06-04 16:18:00

Transocean Ltd. announced the exercise of a two-well option for the Transocean Spitsbergen in Norway, starting in Q1 2026 and adding $100 million to backlog. Transocean specializes in offshore drilling for oil and gas, focusing on ultra-deepwater and harsh environments with a fleet of 32 units. Forward-looking statements warn of uncertainties and risks beyond control, with factors like customer contracts, oil prices, and global demand affecting results. The press release does not constitute an offer to sell securities. For more information, contact Alison Johnson at +1 713-232-7214 for analysts and Pam Easton at +1 713-232-7647 for media inquiries.



Read more at GlobeNewswire: Transocean Ltd. Announces Exercise of $100 Million Option