Offshore driller Transocean has managed to find a long-term contract for a 1983-built semi-submersible drilling rig.
The drilling contractor on Monday said the midwater semisubmersible Transocean 712 was awarded a 13-well contract with ConocoPhillips.
Expected to last around 580 days, the contract is scheduled to begin in March in the U.K. North Sea.
The estimated firm contract backlog is approximately $75 million. Additionally, the contract includes a one-well option.
According to Transocean’s latest fleet status report, issued in April, the Transocean 712 last worked for Fairfield Energy in the North Sea, between April 2017, and June 2018.