(RTTNews.com) - Transocean Ltd. ( RIG ) announced that it has signed a rig design and construction management contract, as well as a five-year drilling contract, with Chevron USA for one of its two ultra-deepwater drillships currently under construction at the Jurong shipyard in Singapore. The drilling contract has an estimated backlog of $830 million.
The rig will be the first ultra-deepwater floater rated for 20,000 psi operations and is expected to commence operations in the Gulf of Mexico in the second half of 2021.
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