Vår Energi lets 3-year contract for harsh-environment rig for NCS work

Vår Energi ASA has awarded a 3‑year firm contract to Transocean for the Transocean Barents rig on the Norwegian Continental Shelf.
 
The rig, which will mobilize in mid‑2027, aims to strengthen the operator’s drilling capacity across infill and project wells as well as complex exploration wells, the company said Apr. 2. 
  
Transocean Barents is a high‑specification, fully winterized harsh‑environment rig, capable of operating across the entire NCS.

Transocean, in a release Apr. 2, said the $450,000/day contract (excluding additional services) is expected to contribute about $490 million in backlog, excluding compensation for mobilization and demobilization.

The contract also includes options that, if fully exercised, could keep the rig working in Norway into 2034.