Transocean defers delivery of five jack-ups

 Super B 400 Bigfoot Class jack-up Transocean Ao Thai Super B 400 Bigfoot Class jack-up Transocean Ao Thai

MARCH 8, 2016 — Transocean Ltd. (NYSE: RIG) (SIX: RIGN) says it has reached a mutual agreement with Keppel Offshore & Marine Ltd's shipyard, Keppel FELS, to defer the delivery and related payments of five high-specification jack-ups until 2020.

The Super B 400 Bigfoot Class jack-up drilling rigs are now scheduled to be delivered at two and three month intervals beginning in the first quarter of 2020.

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