Offshore drilling contractor Transocean has won another one-year extension for the 2014-built ultra-deepwater drillship Deepwater Asgard in the US Gulf of Mexico.
The company said that the program was expected to begin in direct continuation of the rig’s current program and is estimated to contribute approximately $188m in backlog, including additional services. The daily rate for the rig is around $515,000.
Transocean did not reveal the client but since the extension is in continuation of the current deal, it means that the rig will be operating for Hess.
In April, Hess awarded a 365-day contract extension for the drillship worth $195m, consisting of a $10.9m lump sum payment and a backlog of $184m.
The previous deal deal, which includes additional services, worth $505,000 per day, began this month and will be completed in June 2025.
Transocean owns or has partial ownership interests in and operates a fleet of 35 mobile offshore drilling units, consisting of 27 ultra-deepwater floaters and eight harsh environment floaters. The company is also constructing one ultra-deepwater drillship.