Indian Seafarers Freed After Months of Detention at Yemen’s Ras Isa Port
India says it has secured the release of more than 150 seafarers who were stranded at Yemen’s Ras Isa Port, according to the Directorate General of Shipping. All 11 vessels...
Discoverer India. Photo credit: MarineTraffic/Joellee
Offshore drilling contractor Transocean says it has received a notice for the early termination of the contract for its ultra-deepwater drillship Discoverer India.
Transocean announced Monday that its customer Reliance Industries Ltd. (Reliance) has elected to exercise its contractual option to terminate the contract for the drillship effective December 2016 prior to its expiration in January 2021. The company said that in accordance with the contract, Transocean will paid a lump-sum payment of approximately $160 million.
Discoverer India was built by DSME in South Korea and can operate in water depths up to 12,000 feet.
Also on Monday Transocean said it has been awarded a 15-month contract from Suncor Energy for the Transocean Barents, a harsh-environment, ultra-deepwater floater. The contract has a day rate of $260,000 and total value excluding mobilization, of $119 million. The rig is expected to commence operations offshore Canada in the third quarter of 2017.
Sign up for gCaptain’s newsletter and never miss an update
Subscribe to gCaptain Daily and stay informed with the latest global maritime and offshore news
Stay informed with the latest maritime and offshore news, delivered daily straight to your inbox
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up