Reuters logo
BRIEF-Transocean receives early termination notice on the Discoverer Clear Leader
September 20, 2017 / 8:31 PM / 3 months ago

BRIEF-Transocean receives early termination notice on the Discoverer Clear Leader

Sept 20 (Reuters) - Transocean Ltd

* Transocean Ltd. receives early termination notice on the Discoverer Clear Leader

* Transocean - ‍Subsidiary of Chevron elected to exercise option to terminate drilling contract for ultra-deepwater drillship Discoverer Clear Leader

* Transocean - ‍In accordance with contract terms, Transocean will be compensated through lumpsum payment of about $148 million in contract termination fees​

* Transocean Ltd - ‍Payment is expected to be received in Q4 of 2017​ Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below