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.
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