Transocean gets Sedco Express contract extension

Offshore staff

ZUG, Switzerland – Transocean Ltd. (NYSE: RIG) has won a 45-day contract extension for the Sedco Express offshore Nigeria at a day rate of $300,000.

GSF Galaxy II has secured a two-month extension for work in the UK North Sea at a day rate of $190,000.

Transocean’s Sedco Energy has received an early release from its customer.

The company intends to scrap the GSF Explorer in an environmentally responsible manner; and the rig currently is classified as held for sale.


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