Transocean secures semi-submersible contract from Quadrant Energy

Offshore driller Transocean has been awarded a contract by Australia’s Quadrant Energy to drill the Phoenix South-3 well offshore Australia.

The contract is for one well and is expected to commence between February 1 and April 1 2018 using the company’s semi-submersible rig GSF Development Driller-1, which is is currently cold stacked in Spain.

The financial details of the contract were not disclosed.

At the end of May, Transocean sold its entire jackup fleet including 10 rigs in service and another five newbuildings to Borr Drilling for a total of $1.35bn.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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