Semisubmersible Rig Transocean Inc News

Transocean Awarded Contracts for Drillship and Semisubmersible Rig

Transocean Awarded Contracts for Drillship and Semisubmersible Rig Transocean Inc. announced that Hydro has awarded the company a drilling contract for the construction of an enhanced Enterprise-class drillship plus a multi-year contract award for the High-Specification semisubmersible rig Henry Goodrich. Combined revenues possible from the two contract awards total approximately $950 million over six years. The enhanced Enterprise-class drillship is being designed to include the most advanced drilling capabilities in the offshore drilling industry. Hydro has awarded the company a four-year drilling contract, which is expected to commence by mid-2009, following shipyard construction, sea trials, mobilization to the U.S. Gulf of Mexico and customer acceptance.