With multiple upcoming deals in the bag, sea of opportunities for Transocean’s rig fleet still ‘robust’

Offshore drilling contractor Transocean has expanded its contract backlog with multiple new deals during the second quarter of 2023. This added fuel to the rig owner’s expectations of getting its hands on even higher day rates for its fleet of rigs while upping its fleet utilisation level, thanks to a boom in the offshore drilling market, which is spurring the rise in rig demand.