Transocean Ltd. Announces $172M in Options Exercised for Harsh Environment Semisubmersible
Portfolio Pulse from Benzinga Newsdesk
Transocean Ltd. (NYSE:RIG) announced that six one-well options have been exercised for the Transocean Encourage in Norway, contributing approximately $172 million in backlog. The work is expected to commence immediately after the current term and extend through February 2026.
July 05, 2023 | 10:36 am
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Transocean Ltd. has exercised six one-well options for the Transocean Encourage in Norway, contributing $172 million to its backlog. The work is expected to extend through February 2026.
The news of Transocean Ltd. exercising six one-well options for the Transocean Encourage in Norway, contributing $172 million to its backlog, is directly related to the company and its operations. This could potentially increase the company's revenue and profitability in the short term, which could positively impact the company's stock price.
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