SAN FRANCISCO (Thomson Financial) - Transocean Inc. late Thursday said a
unit of British oil and gas concern BP plc has extended a drilling contract with
the Houston-based offshore drilling company by five years, beginning November
this year.
Transocean estimates revenue from BP's five-year extension of its contract
for the ultra-deepwater semisubmersible GSF Development Driller II could be as
much as $1.06 billion.
Transocean shares closed the regular session down $2.06 at $148.09.
Brigid Gaffikin
bg/gm
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