Transocean affiliate inks deal for drillships, joint venture

Transocean Offshore International Ventures Limited has signed a deal with Pacific Drilling Ltd. to provide the company with two unnamed deepwater drillships under construction and the option to purchase a 50 percent interest in a joint venture company.
Transocean, an affiliate of Houston-based offshore drilling contractor Transocean Inc. (NYSE: RIG – News), said it and Pacific [...]

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