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OFS - Transocean sees uptick in ultra-deepwater floater demand - January 2020

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Transocean has secured an additional $352.9 million of contract backlog from new contracts and extensions since the last fleet status report in mid-October, a sharp improvement from that report’s $75 million over three months. The offshore drilling company pointed to the results as proof that the sector is turning around. “Customer demand for the highest specification ultradeepwater floaters now equals or exceeds the number of marketable rigs currently available in many areas,” CEO Jeremy......
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