Transocean terminates rig contract with Murphy (Scandinavian Oil-Gas Magazine)

Transocean terminates rig contract with Murphy

Published Feb 10, 2016

Transocean Ltd. says that Murphy Exploration & Production Company - USA, a subsidiary of Murphy Oil Corporation, has elected to terminate the contract for the ultra-deepwater drillship Discoverer Deep Seas. The rig's contract was scheduled to end in November 2016.

Transocean will be compensated for the early termination through a lump-sum payment that includes adjustments for operating costs.

Tags: Murphy Oil Corp., Transocean Ltd.

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