Transocean Wins New 15-Month Contract as Reliance Cancels Drillship Contract
Transocean, the world’s largest offshore drilling contractor, has received a 15-month contract with Suncor Energy, the company said Monday.
The Transocean Barents, a harsh-environment, ultra-deepwater semisubmersible, is expected to commence operations offshore Canada in the third quarter of 2017. The contract is based on a dayrate of $260,000.
In a separate announcement, Transocean said that Reliance Industries has elected to exercise its contractual option to terminate the contract for the ultra-deepwater drillship Discoverer India, effective December 2016, prior to its expiration in January 2021.
In accordance with the contract, Transocean will be compensated by Reliance and its partners for the early termination through a lump-sum payment of approximately $160 million.
