Transocean Inc. (NYSE:RIG) today announced that a subsidiary of Chevron Corporation (NYSE:CVX) has awarded the company’s semisubmersible rig, the Transocean Richardson, a three-year contract for exploration and appraisal drilling offshore in global Chevron operating areas which may include Southern Africa. The three-year contract is expected to commence in July 2007, following the completion of an existing contract commitment offshore Angola. Revenues of approximately $493 million are possible over the three-year contract, excluding a performance bonus opportunity of up to 10% of the contractual operating dayrate.
Green Marine
about 20 years ago
Transocean Inc. Announces Contract for Semisubmersible Rig Transocean Richardson
Transocean Inc. (NYSE:RIG) today announced that a subsidiary of Chevron Corporation (NYSE:CVX) has awarded the company’s semisubmersible rig, the Transocean Richardson, a three-year contract for exploration and appraisal drilling offshore in global Chevron operating areas which may include Southern
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