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Update: Transocean Shares Rise After $80 Million Drillship Contract for Work in Equatorial Guinea

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(Updates with the latest stock price movement in the headline and first paragraph.)

Transocean (RIG) shares rose 7.6% in Tuesday trading after the company said it signed an $80 million two-well contract for the Deepwater Conqueror drillship with an undisclosed operator for work in Equatorial Guinea.

Deepwater Conqueror will undertake an estimated 170-day campaign, set to begin in 2027.

The contract is expected to contribute about $80 million in backlog, excluding additional services and compensation for mobilization and demobilization, Transocean said.

Price: $5.87, Change: $+0.42, Percent Change: +7.61%

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$VEEA
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$CTNM$JNJ
Wire

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$MSFT