UPDATE 1-Transocean wins $415 mln contract from Equinor

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COPENHAGEN, March 28 (Reuters) - Norway’s Equinor on Tuesday said it has awarded two rig contracts to Transocean worth up to $415 million in total and signed a strategic collaboration with the company.

The contracts were awarded for the use of the Transocean Encourage rig, mainly in the Norwegian Sea, and the Transocean Enabler, for the Johan Castberg field in the Arctic Barents Sea, Equinor said.

The two rigs have been on eight-year contracts with Equinor that will expire on Dec. 1 this year and April 1 in 2024, respectively.

The new contract will come into effect between April and July next year. (Reporting by Louise Breusch Rasmussen, editing by Essi Lehto and Terje Solsvik)