Transocean, Keppel FELS Agree to Defer Delivery of 5 Jackups Until 2020

Transocean Ltd. announced Tuesday that it has reached a mutual agreement with Singapore's Keppel Offshore & Marine Ltd.'s shipyard, Keppel FELS, Ltd. to defer the delivery and related payments of five high-specification jackups until 2020.

The Super B 400 Bigfoot Class jackups are now scheduled to be delivered in two and three month intervals beginning in the first quarter of 2020.

The jackup construction contract, worth $1.1 billion, was signed in November 2013, with the first jackup to be delivered from the first quarter of 2016 and the remaining four at around four-month intervals thereafter, with the latest by third quarter of 2017.

The five jackups are Transocean Cassiopeia (400' ILC), Transocean Centaurus (400' ILC), Transocean Cepheus (400' ILC), Transocean Cetus (400' ILC) and Transocean Circinus (400' ILC).

 



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