Transocean rises after $111 mln drillship contract with Reliance

Transocean

17/12/2024 21:59

** U.S.-listed shares of offshore drill services firm
Transocean  RIG.N  rise 1.1% to $3.71 in extended trading
    ** Co exercises four-well option for the Dhirubhai Deepwater
KG1 with India-based Reliance Industries
    ** RIG expects program to contribute about $111 million in
backlog, excluding additional services
    ** Says a 270-day program is expected to commence in direct
continuation of the rig's firm term with Reliance
    ** Up till last close, stock down 42.2% YTD

 (Reporting by Pooja Menon in Bengaluru)
 ((Pooja.Menon@thomsonreuters.com;))