STEINHAUSEN, Switzerland, Sept. 10, 2024 (GLOBE NEWSWIRE) — Transocean Ltd. (NYSE: RIG) (“Transocean”) has announced a 365-day contract for the Deepwater Atlas with bp in the U.S. Gulf of Mexico.
The contract also provides for a 365-day option. The program is expected to commence in the second quarter of 2028 and contribute approximately $232 million in backlog, excluding a mobilization fee. There are no additional services provided under the contract.
Deepwater Atlas is the world’s first 8th Generation drillship and is based on Seatrium’s Jurong Espadon 3T design. The drillship features a three-million-pound hook-load hoisting capacity and sets a new frontier for next generation drillships with its ability to accommodate well control systems for 20,000 psi (pounds per square inch) drilling and completion operations.
Capable of operating at 12,000 feet water depth and drilling to depths of 40,000 feet, Deepwater Atlas represents a breakthrough in the industry with leading-edge capabilities for enhanced operational safety, efficiency and performance. With capacity to accommodate a crew of 220, the drillship is designed and equipped to optimise fuel consumption and lower emissions to support the industry’s commitment to a reduction in carbon footprint.
