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 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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