Transocean to Work With Chevron on Ultra-Deepwater Drillship Project
December 28 2018 - 8:02AM
Dow Jones News
By Kimberly Chin
Transocean Ltd. (RIG) has agreements with Chevron Corp. (CVX) to
provide construction-management and drilling services for a rig to
be located in the Gulf of Mexico, the company said Friday.
The Switzerland-based offshore driller said the first contract
called for the rig design and construction management of one of
Chevron's two ultra-deepwater drillships that is undergoing
construction at the Jurong shipyard in Singapore. The drilling
contract would have an estimated backlog of roughly $830 million
and would be subject to construction and delivery stipulations,
Transocean said.
The rig would be the first ultra-deepwater floater capable of
drilling wells requiring equipment able to operate at 20,000 psi,
according to Transocean. It is expected to begin operating in the
Gulf of Mexico in the second half of 2021.
The drillship will comply with International Maritime
Organization emissions standards, Transocean said.
Transocean has ownership interests in a fleet of 50 mobile
offshore drilling units.
(END) Dow Jones Newswires
December 28, 2018 07:47 ET (12:47 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
Transocean (NYSE:RIG)
Historical Stock Chart
From Aug 2024 to Sep 2024
Transocean (NYSE:RIG)
Historical Stock Chart
From Sep 2023 to Sep 2024