Transocean gets Sedco Express contract extension

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

Apr 17th, 2015

Offshore staff

ZUG, Switzerland –Transocean Ltd. (NYSE: RIG) has won a 45-day contract extension for the Sedco Expressoffshore 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 Energyhas received an early release from its customer.

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

04/17/2015

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