Transocean declares Shell's early termination of Polar Pioneer contract (Scandinavian Oil-Gas Magazine)

Transocean declares Shell's early termination of Polar Pioneer contract

Published Dec 29, 2015

Transocean Ltd. says that Shell has elected to terminate the contract for the harsh environment semisubmersible Polar Pioneer prior to its expiration in July 2017.

Transocean will be compensated for the early termination through a lump-sum payment that includes adjustments for reduced operating costs and demobilization to Norway.

Tags: Transocean Ltd.

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Transocean declares Shell's early termination of Polar Pioneer contract

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