Transocean Announces Multi-Year Contract for an Enhanced Enterprise-Class Newbuild Drillship

Transocean Inc. (NYSE:RIG) today announced that a subsidiary of BP PLC (NYSE:BP) has awarded a subsidiary of Transocean a drilling contract for an enhanced Enterprise-class design newbuild drillship with modified specifications for expected operations offshore Angola for which BP is the operator. The enhanced Enterprise-class drillship is expected to be owned and operated by a joint venture which is 65% owned by Transocean and 35% owned by an Angolan partner.