Transocean plans to eliminate up to 190 jobs

Transocean plans to eliminate up to 190 jobs due to the stacking of two deepwater drilling rigs in the Gulf of Mexico due to current market conditions, according to the Houston Business Journal.

The two stacked rigs are the Discoverer Deep Seas and the Deepwater Champion – two of Transocean’s 28 ultra-deepwater rigs. Transocean has notified the Texas Workforce Commission that 130–140 employees from Discoverer Deep Seas will receive layoff notifications during the two weeks that started Feb. 10, and that 40–50 employees will receive notification during the 14-week period beginning Feb. 17.

Although the job cuts are expected to be permanent, the company could recall a percentage of the employees if it obtains a contract for additional work. However, Transocean has had other rig contracts canceled in recent months due to the oil price collapse, including contracts with Royal Dutch Shell and Statoil.

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