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Transocean Ltd.
RIGRIGN today announced that it has been awarded
10-year contracts for four newbuild dynamically positioned
ultra-deepwater drillships by Royal Dutch Shell (Shell). Shipyard
delivery for the first drillship is scheduled for mid-2015. The
remaining three drillships are expected to be delivered from the
shipyard at approximately six-month intervals thereafter. After
customer acceptance, the contracts are expected to commence in 2015
and 2016, contributing an estimated revenue backlog of $7.6 billion,
excluding mobilization. The aggregate capital investment for the four
newbuild rigs is an estimated $3.0 billion, excluding capitalized
interest.
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