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Transocean receives two drillship contracts

By OGJ editors
HOUSTON, June 20 -- Transocean Inc., Houston, has received contracts for two of its dynamically positioned drillships.

Anadarko Petroleum Corp. let a 2-year contract for use of the Deepwater Millennium drillship in the Gulf of Mexico. The contract, which replaces an earlier 6-month agreement from Anadarko that included unexercised options, could generate as much as $209 million in revenue, Transocean said.

Seperately, a Shell subsidiary let a contract covering Transocean's Deepwater Expedition drillship for a 90-day, three-well program plus a 30-day option well in the Mediterranean Sea off Egypt. The drilling is to begin in November. Transocean said that deal could generate $22 million in revenue.


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