Transocean Ltd. Announces Customer Early Terminates The Discoverer Deep Seas

Source Press Release
Company Transocean Ltd.Murphy Oil Corporation 
Tags Service Contracts
Date February 08, 2016

Transocean Ltd. (NYSE: RIG) (SIX: RIGN) announced today 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.

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