Transocean sees recent rig deals as proof of ‘sustained upcycle’ in offshore drilling market

With “an outstanding quarter” now behind it, Transocean, an offshore drilling contractor, is looking forward to further growth in the offshore drilling market, as the deals awarded to its rig fleet in the first quarter of 2023 have fuelled the firm’s hopes of increased rig demand, higher day rates and fleet utilisation over the coming years.