Transocean, Shell, Daewoo agree on drillship delivery delays

Offshore staff

ZUG, Switzerland Transocean Ltd., Shell EP Wells Equipment Wells Services B.V., and the shipyard, Daewoo Shipbuilding & Marine Engineering Co. have agreed mutually to delay the operating and delivery contracts of two newbuild ultra-deepwater drillships - the Deepwater Pontus and the Deepwater Poseidon - by 12 months each.

The delay does not impact on the duration or day rate of the original 10-year operating contracts for each of the two newbuilds.

The delivery and operating agreements for Shell’s two other contracted Transocean newbuild, ultra-deepwater drillships, the Deepwater Thalassa and Deepwater Proteus, are not impacted.

10/26/2015

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