Suncor signs $119M offshore contract for Transocean rig - Action News
Home WebMail Saturday, November 23, 2024, 07:04 AM | Calgary | -12.2°C | Regions Advertise Login | Our platform is in maintenance mode. Some URLs may not be available. |
NL

Suncor signs $119M offshore contract for Transocean rig

Switzerland-based Transocean announced Monday it had signed a 15-month contract with Suncor for the use of its Transocean Barents rig.

15-month contract signed by Switzerland company; work to begin 3rd quarter of 2017

Suncor has signed a 15-month, $119-million contract for the Transocean Barents to begin offshore operations in 2017. (Submitted by Transocean)

Newfoundland and Labrador's offshore oil industry will be getting a Swiss visitor in 2017.

Switzerland-based Transocean announced Monday it had signed a 15-month contract with Suncor for the use of its TransoceanBarents rig.

The Transocean Barents is a harsh-environment, ultra-deepwater floater, and is expected to begin operations in the third quarter of next year.

The rig's rate is $260,000 a day, making the contract worth $119 million.

Transocean ownedthe DeepwaterHorizon, which sank off the coast of Louisiana in 2010 after an explosion and fire that killed 11 workers. A movie adaptation of the disaster is currently in theatres.