Transocean Ltd. Provides Quarterly Fleet Status Report; The Aggregate Incremental Backlog Associated With These Fixtures Is ~$745M. As Of October 18, 2023, The Company's Total Backlog Is ~$9.4B
Portfolio Pulse from Benzinga Newsdesk
Transocean Ltd. (NYSE:RIG) has issued a quarterly Fleet Status Report, detailing the current status and contract information for its fleet of offshore drilling rigs. The report includes new contracts and extensions, contributing to an aggregate incremental backlog of approximately $745 million. As of October 18, 2023, the company's total backlog is approximately $9.4 billion.
October 18, 2023 | 8:33 pm
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Transocean Ltd. has secured new contracts and extensions, contributing to an incremental backlog of $745 million. The company's total backlog is now approximately $9.4 billion.
The new contracts and extensions secured by Transocean Ltd. have significantly increased its backlog, indicating a strong demand for its services. This is likely to have a positive impact on the company's revenues and, consequently, its stock price in the short term.
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