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Transocean lands seven-year, $1 billion Equinor rig deal

Transocean lands seven-year, $1 billion Equinor rig deal

by Offshore Reporter | Jul 1, 2026 | Offshore

Transocean has secured a drilling agreement with Equinor worth more than $1 billion in backlog for three harsh-environment Cat D semisubmersible rigs on the Norwegian Continental Shelf. The seven rig-years of work are scheduled to begin between 2027 and 2028.

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