Transocean (RIG) is awarded 10-year contracts for four newbuild ultra-deepwater drillships by...

|About: Transocean Ltd. (RIG)|By:, SA News Editor

Transocean (RIG) is awarded 10-year contracts for four newbuild ultra-deepwater drillships by Royal Dutch Shell (RDS.A), contributing an estimated revenue backlog of $7.6B. Shipyard delivery for the first drillship is scheduled for mid-2015. RIG -0.8% premarket.