Transocean Secures $232M Contract For The Deepwater Atlas With BP In The U.S. Gulf Of Mexico
Portfolio Pulse from Benzinga Newsdesk
Transocean has secured a $232 million contract with BP for the Deepwater Atlas in the U.S. Gulf of Mexico, starting in Q2 2028. The contract includes a 365-day option and adds to Transocean's backlog.
September 10, 2024 | 8:19 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Transocean has secured a significant $232 million contract with BP for the Deepwater Atlas, enhancing its backlog and future revenue prospects.
The $232 million contract with BP significantly boosts Transocean's backlog, indicating strong future revenue potential. This is likely to positively impact Transocean's stock price in the short term as it reflects business growth and stability.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90