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Friday, 05 December, 2008, 17:20 GMT | more >>

Transocean gives up rig rights



By Upstream staff 

US drilling contractor Transocean has terminated the exclusive marketing rights for three jack-up rigs under construction by Norway's PetroJack.

The company has relinquished its rights to the PetroJack I, II and III. Transocean also gave up options to purchase each unit.

The company also revealed that exclusive marketing rights for the three Baker Marine Pacific Class 375 deep drilling jack-up rigs currently under construction in Singapore terminated on 15 March.

The deadline for extending the marketing rights and options has also passed without any action taken.


Wednesday, 15 March, 2006, 17:24 GMT  | last updated: Wednesday, 15 March, 2006, 17:32 GMT

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