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Offshore exploration professional Transocean has actually revealed virtually $353 million in brand-new gear agreements and also worked out choices as the overseas exploration market remains to enhance.

Transocean claimed is it presently seeing a rise in agreement possibilities for its ultra-deepwater and also extreme atmosphere exploration gears. Since its last Fleet Status Report in October 2019, Transocean claimed it has actually safeguarded an added $352.9 countless agreement stockpile from consumers, containing brand-new agreements and also expansions to existing agreements.

The agreements extend consumers and also areas from the united state Gulf of Mexico to Norway to Myanmar and also Malaysia.

“Customer demand for the highest specification ultra-deepwater floaters now equals or exceeds the number of marketable rigs currently available in many areas,” claimed Transocean President and alsoChief Executive Officer Jeremy Thigpen “As a result, new contracts more consistently reflect materially increased dayrates, which will generate significantly improved cash flow.”