Offshore driller Transocean has had to amend a drilling contract with Enquest for the 1997-built semi-submersible rig Transocean Leader which will see its backlog reduced by $112m.
which will see its backlog reduced by $112m.The rig, operating in the UK North Sea, suffered an equipment breakdown that could not be repaired in a timely fashion. Enquest, while having the right to cancel the contract, elected to complete its program with the rig with an amended dayrate and contract end date.
The rig is currently undergoing repairs and is expected to return to work in April for approximately 300 days, 210 of which are still with Enquest while the other 90 days are with Dana Petroleum via a new contract.
