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.

© Worldofchemicals News



Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News

A Schulman appoints Qwest communication CFO as new VP, finance

AKRON, US: A Schulman Inc said that it has appointed John Richardson (71), as its new executive vice president for finance, effective 1 November. He r ...

Read more
Study of cell recycling wins Nobel prize in medicine 2016

TOKYO, JAPAN: Japanese biologist Yoshinori Ohsumi has won this year’s Nobel Prize in medicine for explaining how the body’s cells deal wit ...

Read more
Wacker to increase VAE dispersions prices in the Americas

MUNICH, GERMANY: Wacker Polymers, a division of Wacker Chemie AG said that it is to increase its prices for vinyl acetate-ethylene copolymer (VAE) dis ...

Read more
New research centre boosts UK-China scientific collaboration

SHANGHAI, CHINA: With the funding from the UK Biotechnology and Biological Sciences Research Council (BBSRC) and the Chinese Academy of Sciences (CAS) ...

Read more
Lanxess to purchase US-based Chemtura in €2.4 billion deal

COLOGNE, GERMANY: Lanxess AG said that it has signed a definitive agreement to purchase US-based Chemtura Corporation, one of the main global supplier ...

Read more
ExxonMobil’s general counsel to retire after 18 years

IRVING, US: ExxonMobil Corporation said that its vice president (VP) and general counsel, Jack Balagia has stated his intention to retire after more t ...

Read more uses cookies to ensure that we give you the best experience on our website. By using this site, you agree to our Privacy Policy and our Terms of Use. X