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).


Have a news tip? Share it with Rigzone!


Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit

Our Privacy Pledge

More from this Author
Rigzone Staff
e-mail us at
 -  Aker Solutions to Buy Brazilian C.S.E (Oct 21)
 -  Sea Trucks Group Secures Work Offshore... (Oct 21)
 -  Shell Divests Non-Core Oil, Gas Proper... (Oct 21)
 -  Petrofac Appoints New CFO (Oct 21)
 -  Wheatstone LNG Development Start-Up in... (Oct 20)

Most Popular Articles

From the Career Center
Jobs that may interest you
Field Maintenance Controls Technician
Expertise: Maintenance Technician|Rig Mechanic
Location: Eighty Four, PA
Maintenance Supervisor - Drilling
Expertise: Maintenance Manager|Rig Mechanic
Location: Eighty Four, PA
Whipstock Welder
Expertise: Rig Welder|Welding|Workshop
Location: Lafayette, LA
search for more jobs

Brent Crude Oil : $51.78/BBL 0.77%
Light Crude Oil : $50.85/BBL 0.83%
Natural Gas : $2.99/MMBtu 4.77%
Updated in last 24 hours