Offshore Driller Transocean $RIG Beats on Earnings and Revenue

#11894
ThePitBoss
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.