Transocean has reached an agreement with client Shell and Korean yard Daewoo Shipbuilding & Marine Engineering (DSME) to delay the delivery of two drillships by 12 months each.
“The delay has no impact on the duration or dayrate of the original 10-year operating contracts for each of the two newbuild ultra-deepwater drillships. Parties will be compensated for the postponement,” Transocean said in a release.
“We are pleased that the strength of our relationships with both Shell and DSME has enabled us to reach this mutual agreement,” said Transocean president and ceo Jeremy Thigpen.
In June Transocean delayed the delivery of two other drillship newbuilds at Sembcorp Marine’s Jurong Shipyard in Singapore by 24 months.