Transocean Secures Drilling Contracts Worth $550 Million

06:58 AM EDT, 10/19/2026 (MT Newswires) -- Transocean (RIG) has received contracts worth around $550 million for two of its ultra-deepwater drillships in the US Gulf, the company said Monday. The Deepwater Proteus was awarded a 10-well contract valued at roughly $325 million, with a 700-day campaign expected to begin in the first quarter of 2027. The offshore drilling contractor's other drillship, Deepwater Conqueror, was awarded a five-well contract valued at $225 million, with 450 days of work set to begin in the third quarter of 2027, the company added.