Transocean (NYSE:RIG) +1.2% pre-market Thursday after announcing contract fixtures for two of its ultra-deepwater drillships, representing ~$243 million in firm contract backlog.
In the U.S. Gulf, BP exercised a 365-day option for the Deepwater Atlas in direct continuation of its firm contract; the program is expected to contribute $232 million in backlog.
According to Transocean’s (NYSE:RIG) latest fleet status report, the Deepwater Atlas currently is working for Beacon Offshore, with an option in place that could extend the work to March 2027; following the Beacon deal, the drillship is scheduled to begin work for BP in June 2028 with an option that would extend the deal to May 2030, but the firm part of the deal ends in May 2029 on a $635,000 dayrate.
Transocean also said Petrobras exercised a 30-day, $11 million option for the Deepwater Mykonos ultra-deepwater drillship for work offshore Brazil; the first priced option will start at the end of 2025 and end at the start of February 2026, at a dayrate of $367,000.