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Murphy terminates Transocean drillship contract

Transocean has announced today that Murphy Oil subsidiary, Murphy Exploration and Production, has terminated its contract for ultra-deepwater drillship Discoverer Deep Seas.

The 2001-built drillship was on a three-year contract with Murphy at $604,000 per day until November.

Transocean said that it will be compensated for the early termination through a lump-sum payment that includes adjustments for operating costs.

The vessel was operating in the US Gulf of Mexico.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.
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