Transocean Platform obtains multi-million dollar project in the Black Sea

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Plataforma Transocean

Transocean , the offshore drilling company, has secured a new contract with OMV Petrom for the use of one of its semi-submersibles in the Black Sea. The Transocean Barents platform has been committed for a minimum of 540 days in the Romanian Black Sea region, with a daily rate of $465,000, excluding additional services.

Drilling is scheduled to begin in the first quarter of 2025 , with an estimated value of approximately $251 million in the order book, excluding mobilization and demobilization compensation. The daily rate for the 540 days will be $480,000 .

Current activity of the Transocean Platform

The platform is currently in operations for TotalEnergies . In July 2023, the French oil company booked the Transocean Barents semi-submersible platform to carry out a drilling contract in Lebanon at a cost of $365,000. This agreement includes three additional drilling options, with rates ranging from $350,000 to $390,000.

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Additionally, TotalEnergies exercised an option to drill in the Eastern Mediterranean Sea for the platform, agreeing to a fee of $370,000. The Transocean Barents platform, built in 2009 with an Aker H-6e design, was manufactured by Aker Kvaerner Stord and has the capacity to accommodate 140 people. Its operational capacity reaches water depths of up to 10,000 feet and can drill to a maximum depth of 30,000 feet.

It is important to mention that in the third quarter of 2023, Transocean continued its positive streak, managing to expand its contract portfolio for the sixth consecutive quarter and raising it to $9.4 billion through new allocations in the market. Additionally, one of the company’s semi-submersibles recently became the first equipment of its type to obtain the Abate (Power+) notation from DNV, as a result of improvements implemented to reduce greenhouse gas emissions during its operations.

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Source: offshore-energy.biz

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