Transocean outlines indemnity language in Deepwater Horizon contract

08/30/2010
Transocean Ltd., owner of the Deepwater Horizon semisubmersible drilling rig, filed a quarterly report with the US Securities and Exchange Commission outlining 206 claims filed against it as of June 30 in various state and federal courts concerning the Apr. 20 rig explosion.The Deepwater Horizon semi drilled the Macondo well for BP PLC and its partners. A well blowout set off an explosion and fire on the Deepwater Horizon, which sank Apr. 22. The Macondo well is in 5,000 ft of water on Mississippi Canyon Block 252 about 40 miles off Louisiana."We believe we are entitled to contractual defense and indemnity for all wrongful death and personal injury claims made by non-employees and th...
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