Reliance industries ends deepwater drillship contract with Transocean

Reliance industries ends deepwater drillship contract with Transocean

9:34 AM, 4th October 2016
Reliance industries ends deepwater drillship contract with Transocean

ZUG, SWITZERLAND: Transocean Ltd, a leading provider of offshore contract drilling services for oil and gas wells said that the Reliance Industries Ltd has chosen to end its ultra-deepwater drillship Discoverer India contract with the company, effective on December, earlier to its finishing in January 2021.

Following with the agreement, Transocean will be remunerated by Reliance and its partners for the early termination through a lump-sum payment of approx $160 million.

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