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Transocean ( (RIG) ) has shared an update.
Transocean Ltd. announced that Reliance Industries Limited has exercised a four-well option for the Dhirubhai Deepwater KG1 in India. This program is estimated to last 270 days, commencing immediately after the current term, and will add approximately $111 million to Transocean’s backlog, excluding additional services.
More about Transocean
Transocean Ltd. operates in the offshore drilling industry, providing services for oil and gas wells with a focus on ultra-deepwater and harsh environment drilling.
YTD Price Performance: -41.26%
Average Trading Volume: 19,393,375
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $3.27B
For an in-depth examination of RIG stock, go to TipRanks’ Stock Analysis page.
