Norway's Equinor has awarded an additional nine firm wells plus two one-well options to its ongoing contract with offshore drilling contractor Transocean for the harsh environment semi-submersible Transocean Spitsbergen.
The 2010-built rig is currently under contract with Equinor, with the operator in April already exercising a one-well option to run from July 2022 until January 2023 at a dayrate of $305,000.
The estimated $181 million backlog contract extension confirmed on Monday is expected to begin in October 2023 and conclude in April 2025.
