Transocean wins new contracts, while Chevron cancels drillship deal

Transocean wins new contracts, while Chevron cancels drillship deal

Offshore driller Transocean revealed in its latest fleet status report that Chevron has exercised its contractual option to terminal the contract for drillship Deepwater Asgard effective January 2017.

The vessel was chartered to Chevron in April 2015 under a two-year contract, and Transocean will receive a lump sum compensation for the early termination of approximately $79m.

Transocean has also been awarded a series of new contracts and extensions.

The company’s drillship Dhirubhai Deepwater KG2 has secured a three well contract offshore Myanmar from Woodside Energy, semi-submersible rig Transocean Spitsbergen has been awarded a one well option by Hurrican Energy, while another semi-submersible Paul B. Loyd, Jr. has received a contract extension of approximately 30 days.

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

Related Posts