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Transocean Ltd Announces 5-Year Contract For Newbuild Ultra-Deepwater Drillship


Tuesday, 15 Oct 2013 04:12pm EDT 

Transocean Ltd announced that it has been awarded a five-year contract for a newbuild ultra-deepwater drillship by Chevron U.S.A. Inc. Shipyard delivery is scheduled for the second quarter of 2016. After customer acceptance, the contract is expected to commence in the fourth quarter of 2016, contributing an estimated revenue backlog of approximately $1.1 billion, excluding mobilization. Excluding capitalized interest, the capital investment for the newbuild drillship is an estimated $725 million. Capital costs include the shipyard contract; project management; all owner-furnished equipment; capital spares and inventory; and all costs associated with operational readiness. 

Company Quote

30.21
-0.26 -0.85%
24 Oct 2014