Transocean delays delivery of newbuild drill ships

摘要

Perhaps the biggest news out of the US GoM was a deal between NYSE-listed Transocean Ltd and Singapore's Jurong Shipyard Pte to delay the delivery of two ultra-deepwater drill ships due to work in the US GoM in 2022 and 2023. Calling the agreements "monumental", Transocean president and chief executive Jeremy Thigpen said the shipyard financing would materially improve the driller's year-end 2022 liquidity by over US$450M, "extending our runway and providing us with additional investment flexibility as the industry recovers." Under the deal with Jurong Shipyard, Transocean will delay delivery of Deepwater Atlas and Deepwater Titan, extending payments for the world's first eighth-generation ultra-deepwater drill ships over a five-year period.