RIG Transocean Ltd

   By Josh Beckerman 
 

Transocean Ltd. (RIG) said Friday that the semisubmersible Transocean Norge received a six-well contract from Equinor ASA (EQNR, EQNR.OS) in the Norwegian Continental Shelf.

The contract backlog is about $89 million, excluding a bonus opportunity and other services.

Transocean will operate the Transocean Norge and has a 33% interest in the joint venture that owns the rig, while Hayfin Capital owns 67%.

Transocean shares closed up 7%, to $13.54.

Write to Josh Beckerman at josh.beckerman@wsj.com

(END) Dow Jones Newswires

September 21, 2018 16:54 ET (20:54 GMT)

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