Swiss offshore drilling giant Transocean has signed a long-term charter with BP for the Deepwater Invictus, an ultra-deepwater drillship to be deployed in the Gulf of Mexico of the US.
Under the contract, the Deepwater Invictus is expected to operate in the waters of the Gulf of Mexico of the US for a period of 1,095 days, starting in the first quarter of 2025. The value of the contract is approximately $531 million, excluding additional service and mobilization fees.
Transocean has also recently entered into a 40-day contract extension with an undisclosed customer for the Deepwater Invictus to remain deployed in the Gulf of Mexico of the US.
The “Deepwater Invictus,” completed and delivered in 2014, is an ultra-deepwater, dual-operator DSME 12000 design with a 200-person capacity and the ability to operate in 12,000 feet of water with a maximum drilling depth of 40,000 feet.
According to Transocean’s latest fleet status report, the company’s cumulative backlog of two new contracts and six extensions signed in the second quarter of 2024 amounted to about $656 million, with a total backlog of $8.8 billion as of July 24, 2024.
This series of contracts involves the world’s first 8th generation drillships, Deepwater Atlas, Deepwater Asgard, Deepwater Mykonos and three semi-submersible rigs, namely Transocean Norge, Transocean Spitsbergen and Transocean Endurance.