transocean in A Sentence
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Transocean has previously signed a framework agreement with Equinor.
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Shelf Drilling controls all of what was deep water rig contractor, Transocean's, former shallow-water jack-up fleet.
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Upon completion, Transocean shareholders will own about 79 percent of the combined company, while Ocean Rig shareholders will hold the remaining 21 percent.
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Transocean explained that the units to be chartered will operate with managed pressure drilling(MPD), the Mykonos at a daily rate of $235,000, and Corcovado, at around $215,000.
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Transocean now has three rigs operating in Brazil and with their partnership with Petrobras and other IOCs developing deep and ultra-deepwater plays in the country, it is quite possible that this number will increase in near future.
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