$RIG Transocean chalks up two big rig contracts
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Posted On: 07/17/2018 11:00:45 AM
$RIG
Transocean chalks up two big rig contracts
Transocean (NYSE:RIG) says its midwater semisubmersible Transocean 712 rig was awarded a 13-well contract for work in the U.K. North Sea with ConocoPhillips (NYSE:COP).
The contract is scheduled to begin in March 2019 and have a duration of ~580 days; the estimated firm contract backlog is $75M, and the deal includes a one-well option.
RIG also reports its ultra-deepwater semisubmersible GSF Development Driller I was awarded an 11-well contract for workoffshore Australia with Chevron (NYSE:CVX).
The contract is expected to commence in H1 2019 with a length of ~955 days; the estimated firm contract backlog is $158M, and the deal includes four one-well options.
Transocean chalks up two big rig contracts
Transocean (NYSE:RIG) says its midwater semisubmersible Transocean 712 rig was awarded a 13-well contract for work in the U.K. North Sea with ConocoPhillips (NYSE:COP).
The contract is scheduled to begin in March 2019 and have a duration of ~580 days; the estimated firm contract backlog is $75M, and the deal includes a one-well option.
RIG also reports its ultra-deepwater semisubmersible GSF Development Driller I was awarded an 11-well contract for workoffshore Australia with Chevron (NYSE:CVX).
The contract is expected to commence in H1 2019 with a length of ~955 days; the estimated firm contract backlog is $158M, and the deal includes four one-well options.
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