Contract award for ‘Development Driller III’

Source: press release, 12 December 2019

Ultra-deepwater semisubmersible ‘Development Driller III’
Ultra-deepwater semisubmersible ‘Development Driller III’ (photo: Transocean Ltd.)

Transocean Ltd. has announced that the semisubmersible Development Driller III has been awarded a 1-year contract off the coast of Trinidad and Tobago.

The contract is expected to commence in the second quarter 2020 and will contribute approximately USD 91 million of contract backlog, excluding mobilisation reimbursement.