Transocean ends 2023 on high note with ‘company-best’ uptime performance, says CEO

Offshore drilling contractor Transocean has secured a $3.2 billion boost in contract backlog during 2023, thanks to a series of new assignments for its rig fleet. With the upturn in the offshore drilling market still in effect, higher day rates and fleet utilization enabled the rig owner to score an uptime performance of 97.6% in 2023, according to its Chief Executive Officer (CEO).