Transocean Confirms Severe Damage to Jackup Offshore Malaysia

According to a status update issued by Transocean on Wednesday, the legs of one of its jackup drilling rigs was severely damaged in adverse weather offshore Malaysia.

As a result, the world's largest drilling contractor confirmed that the Trident XVII jackup will not return to work under is current contract with Petronas Carigali. The rig was contracted by the Malaysian state-owned oil major in September 2007 and was slated for operations at a contract dayrate of $185,000 until April 2010.

Transocean reported that the jackup was towed from location on November 17th, noting that "Repair operations are being evaluated, but the rig will not be able to return to work prior to the expiration of the previously reported contract."