Offshore staff
HOUSTON -- A Chevron Corp. subsidiary has awarded Transocean Inc. a three-year contract for the semisubmersible Transocean Richardson to carry out exploration and appraisal drilling in Chevron areas that could include southern Africa.
The three-year contract is expected to begin in July 2007, following the completion of an existing contract commitment offshore Angola. Revenues of $493 million are possible over the contract, excluding a performance bonus opportunity of up to 10% of the contractual operating day rate.
TheTransocean Richardson is one of the company's high-specification floaters. The semi, which entered service in 1988, is capable of operating in water depths to 1,524 m (5,000 ft).
1/9/2007
