Transocean Richardson Wins Chevron Contract
Transocean reports that a subsidiary of Chevron Corporation 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.
The Transocean Richardson is one of 33 High-Specification Floaters in the Transocean Inc. fleet, 13 of which are Fifth-Generation floaters. The rig, which entered service in 1988, is capable of operating in water depths of up to 5,000 feet.
- ExxonMobil Jumping in to Mexico Fuel Market With First US Cargo (Dec 06)
- Chevron To Study Mexican Oil Block, No Drilling Seen In First 4 Years (Nov 30)
- Buying Texas Oil at New Mexico Prices: Majors Go West for Shale (Nov 14)
Company: Transocean Ltd. more info
Manages 46 Offshore Rigs
- Oil's Biggest Rigs Headed to Junkyard as Daily Losses Mount (Oct 18)
- Transocean To Buy Norwegian Rig Firm Songa Offshore For $1.1B (Aug 15)
- Borr Drilling Signs Deal With Transocean to Buy 15 Rigs (Mar 20)