Transocean Drillships Awarded Contracts Totaling Over $200 Million
Transocean Ltd. (RIG) announced on March 11 that Petrobras awarded contracts to the ultra-deepwater drillships Ocean Rig Corcovado and Ocean Rig Mykonos. The contracts are for 629 days and 550 days for approximately $123 million and $118 million, respectively. The contracts also include priced options for 680 days and 815 days, respectively. Transocean is a leading international provider of offshore contract drilling services for oil and gas.
Sonal alerted subscribers about the event at 6:41 am. Transocean opened for regular market trading at $8.27. After rising for the next five trading sessions, the stock closed at $9.01 on March 15 for a gain of 9%.
Visit the Knowledge Center for more information about trading contract awards.
To see the latest weekly webinar, you can visit our Live Webinar page.
Subscribe here if you would like to start receiving these signals in real-time and start trading!