Transocean Ltd. Provides Quarterly Fleet Status Report

Transocean Ltd sends their quarterly report on the Fleet Status. On it, they provide the current status of the contract of the company’s fleet of offshore drilling rigs.

There are some important aspects of this quarter report: 

  1. Developer Driller III: The acquisition of a new contract in Colombia at $331,000 per day. 
  2. Deepwater Inspiration: The client use one option on one of the wells in U.S. Mexican Golf AT $300,000 per day.
  3. Transocean Spitsbergen: A customer exercised a one-well option in Norway at $305,000 per day
  4. According to their press release, the data “First quarter 2022 results included a net favorable non-cash item of $8 million, or $0.02 per diluted share, related to discrete tax items. After consideration of this net favorable item, the first quarter 2022 adjusted net loss was $183 million, $0.28 per diluted share, compared to $126 million, $0.19 per diluted share, in the fourth quarter of 2021.”

“The aggregate incremental backlog associated with these fixtures is approximately $87.2 million.” Sources revealed. The data we have as of April 25 is that Transocean Ltd. Total backlog is around $6.1 billion. 

For more information on the report, you can click here.

Transocean LTD. It’s one of the leaders and International providers of offshore contract drilling services for oil and gas wells. Their specialty is technically demanding sectors of offshore drilling business with a focus on ultra-deepwater for instance. Also, they have special business in harsh environment drilling services; They usually operate in the most versatile offshore drilling fleets globally. 

You also might want to read “DTE Energy 1Q Results”

Transocean owns and has partial ownership. Also, t operates a fleet of 37 mobile offshore drilling units. All of them consist of 27 ultra-deepwater floaters and ten harsh environment floaters. 

Right now, the company is working on the construction of two ultra-deepwater drillships. 

Related posts

CIB and ITC Investment partner up for a cross-border electricity connection


Texas starts blackouts as extreme cold boosts electricity prices 10,000%


Bringing advanced nuclear to the energy state