Offshore Driller Transocean $RIG Beats on Earnings and Revenue

21 Sep '17 at 2:14 am #11894

Participant

Transocean $RIG received a notice of early termination from a subsidiary of $CVX for the ultra-deepwater drillship, Discover Clear Leader, effective Nov. 2017.

$RIG will get approx. $148MM. in contract termination fees, which is expected to be received in 4Q17.

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