Transocean defers deliveries, payments for five Keppel rigs

The rigs will be deferred until 2020.

Transocean, a major provider of offshore contract drilling services for oil and gas wells, said that it will defer the delivery and related payments of five high-specification rigs it ordered from Keppel FELS.

The Super B 400 Bigfoot Class jackup drilling rigs are now scheduled to be delivered in two and three month intervals beginning in the first quarter of 2020. They were originally scheduled to be delivered from the first quarter of 2016 to the third quarter of 2017.

The rigs were first ordered in 2013 and carry a price tag of US$1.1billion.

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