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Home›Green Marine›Transocean nets Chevron contract
Green Marine

September 1, 2006 · about 20 years ago

Transocean nets Chevron contract

Chevron Corp. has awarded Transocean Inc. a five-year, $862 million contract to build a drillship. The drillship construction contract is the third such contract award for Transocean this year and the second contract award from Chevron. If Chevron (NYSE: CVX) exercises its right to convert the contr

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Chevron Corp. has awarded Transocean Inc. a five-year, $862 million contract to build a drillship.

The drillship construction contract is the third such contract award for Transocean this year and the second contract award from Chevron. If Chevron (NYSE: CVX) exercises its right to convert the contract to three-years, the deal would generate revenue of $609 million.

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