Transocean defers delivery of two drillships to 2020

Rig supplier Transocean stated that it would delay the delivery of two ultra-deepwater drillships to 2020 in an agreement with manufacturer Jurong Shipyard.

Transoceanic stated that the proprietary Jurong Espadon 3T designed rigs would be scheduled to be delivered between the first and third quarter of 2020.

Deferrals have been on the rise for the company as it anticipated fewer drilling contracts in 2016 due to oversupply of rigs in the market and falling crude oil prices.

Source: UPI