Transocean announced a 365-day contract extension for the Deepwater Asgard with an independent operator in the U.S. Gulf of Mexico. The program is expected to commence in June in direct continuation of the rig‘s current program and includes additional services. The total contract value of approximately $195M includes a $10.9M lump sum payment, which is not included in the estimated backlog of approximately $184M.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RIG:
- Transocean Ltd. Announces $195 Million Ultra-Deepwater Drillship Contract
- Transocean call volume above normal and directionally bullish
- Transocean price target lowered to $6 from $7 at Piper Sandler
- Fly Insider: Sphere, Alaska Air among week’s notable insider trades
- Transocean price target lowered to $7 from $8 at Morgan Stanley
Questions or Comments about the article? Write to editor@tipranks.com