Anadarko secures Transocean rigs

Anadarko Petroleum Corp. has awarded Transocean three-year contracts valued at an estimated $985 million in combined revenues for the company's drillships Discoverer Spirit and Deepwater Millennium.

Offshore staff

(US, GoM) - Anadarko Petroleum Corp. has awarded Transocean three-year contracts valued at an estimated $985 million in combined revenues for the company's drillshipsDiscoverer Spirit and Deepwater Millennium.

The rigs' contracts are expected to begin in June 2007, immediately following the conclusion of current contract commitments with Shell and Anadarko, respectively, in the GoM.

Transocean says it could generate approximately $520 million in revenues over the three-year contract for theDiscoverer Spirit, while revenues from the Deepwater Millennium three-year contract could reach approximately $465 million.

11/02/05

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