Middle East

Transocean sees rig demand and daily growth

Offshore drilling contractor Transocean expects rigs to continue to grow on a daily basis, boosted by soaring oil prices and rising demand, the company’s CEO said on Tuesday. He said he had announced.

Jeremy Tigpen, CEO of Transocean, said:

“As a result, we have a growing list of opportunities from customers around the world to appreciate our high-spec floating fleet and strong and consistent operational performance. Customer demand is increasing and active use of high-spec assets It is being pushed up. We expect the daily upward trend to continue throughout the year. “

Transocean’s average daily income for the fleet in the fourth quarter was $ 352,500. It was down compared to $ 3,67,100 in the third quarter, but increased compared to $ 347,500 in the fourth quarter of 2021.

Year-over-year, the average daily salary for fleets in 2021 was $ 365,600, compared to $ 327,500 in 2020.

In the fourth quarter of 2021, Transocean recorded total contract drilling revenue of $ 621 million, compared to $ 626 million in the third quarter of 2021.

Net losses from controlling equity were $ 260 million and $ 0.40 per diluted share, compared to $ 130 million in the third quarter of 2021 and $ 0.20 per diluted share. Adjusted EBITDA was $ 250 million, compared with $ 245 million in the previous quarter. As of the February 2022 Fleet Status Report, the contract backlog was $ 6.5 billion.

Fourth-quarter 2021 results include $ 134 million, or $ 0.21 per diluted non-cash item, and $ 72 million related to individual tax items. increase. Loss of $ 37 million due to impairment of investment in non-consolidated affiliates. $ 28 million in extra materials, equipment, and certain items.

After considering these net disadvantages, adjusted net loss for the fourth quarter of 2021 was $ 126 million, $ 0.19 per diluted share, compared to $ 122 million for the third quarter of 2021. The dollar was $ 0.19 per share after dilution.

https://www.oedigital.com/news/494530-transocean-sees-rig-demand-dayrates-growing-in-2022 Transocean sees rig demand and daily growth

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