Transocean lands five-year deal with Chevron for newbuild drillship

Offshore driller Transocean has signed a five-year contract with Chevron for one of its two ultra-deepwater drillship currently under construction at Jurong Shipyard in Singapore.

The drillship will be the first rated for 20,000 psi operations, and will feature the most advanced capabilities and state-of-the-art technology.

The contract is worth around $830m and the vessel is expected to commence operations in the Gulf of Mexico in the second half of 2021.

“We are extremely pleased to announce that we have entered into an agreement with Chevron to construct and operate the industry’s most capable ultra-deepwater drillship,” said Jeremy Thigpen, president and CEO of Transocean.

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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