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.
