Transocean Harsh-Environment Rig Scoops Contract Extension

The extension will keep the semisubmersible rig busy to April 2025.

Transocean Spitsbergen semisubmersible.
Transocean Spitsbergen semisubmersible.

Equinor extended Transocean’s contract for use of the harsh-environment semisubmersible Transocean Spitsbergen. The additional nine wells plus two, one-well options extension is valued at $181 million and is expected to begin in October 2023. The work will keep the rig busy off Norway until April 2025.

In the fall of next year, the rig is scheduled to start drilling a trio of production wells for the Haltenbanken Vest Unit, which is part of the Kristin South area in the Norwegian Sea.

Transocean Spitsbergen has been working consistently for Equinor since 2019.