Transocean Enters $193M, One-year Contract For Deepwater Conqueror With An Undisclosed Operator In US Gulf Of Mexico
Portfolio Pulse from Benzinga Newsdesk
Transocean has secured a $193 million, one-year contract for its Deepwater Conqueror with an undisclosed operator in the US Gulf of Mexico. The contract is set to begin in October 2025 and will add to the company's backlog.
October 17, 2024 | 10:35 am
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Transocean has entered into a $193 million contract for its Deepwater Conqueror, enhancing its backlog and future revenue prospects.
The $193 million contract for the Deepwater Conqueror is a significant addition to Transocean's backlog, indicating strong future revenue streams. This contract enhances the company's financial stability and growth prospects, likely leading to a positive short-term impact on its stock price.
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