Transocean Claims $5.2B In Contract Backlog For 2013

Law360, Los Angeles (August 9, 2013, 9:47 PM EDT) -- Transocean Ltd. has amassed $5.2 billion in contract backlog this year, thanks in part to the extension of Chevron Corp. contracts for two ultra-deepwater rigs in the Gulf of Mexico, according to a Thursday conference call regarding the company's second-quarter earnings.

The world's largest offshore drilling company increased contract backlog by nearly $2 billion with extensions of the Discoverer Clear Leader and Discoverer Inspiration. Transocean extended the former drill ship's contract of $590,000 per day for an additional four years and extended the latter ship's contract...
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