Deepwater Asgard Drillship Contract for Five Wells
Sector: Energy • Location: Egypt
Source: Upstream Online
Deepwater drilling giant Transocean has been awarded a $158 million contract for operations in the East Mediterranean. The drillship Deepwater Asgard is contracted for a five-well campaign expected to last 390 days, starting in the fourth quarter of 2026. The contract contributes $158 million in backlog, excluding additional services and compensation for mobilisation and demobilisation. The custom
- Status
- Closed
- Sector
- Energy
- Location
- Egypt
- Updated
- 22 Jul 2026
- Source
- Upstream Online
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Project Information
Participants
| Not available for this record. |
Status
Original status | awarded |
Taiyo status | Closed |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | Deepwater drilling giant Transocean has been awarded a $158 million contract for operations in the East Mediterranean. The drillship Deepwater Asgard is contracted for a five-well campaign expected to last 390 days, starting in the fourth quarter of 2026. The contract contributes $158 million in backlog, excluding additional services and compensation for mobilisation and demobilisation. The customer and exact location are not disclosed, but records indicate BP is planning a five-well exploration campaign offshore Egypt in the Mediterranean Sea. |
Original sector | Energy |
Budget |
Location
Country | Egypt |
Source
Source | Upstream Online |
URL |
More Details
Record type | Project |
Article published date | 2026-04-19 |
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