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Transocean declares Shell's early termination of Polar Pioneer contract


Published Dec 29, 2015
Transocean - Polar Pioneer

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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