October 3, 2016 / 12:41 PM / 10 months ago

BRIEF-Transocean receives early termination notice on Discoverer India

1 Min Read

Oct 3 (Reuters) - Transocean Ltd :

* Receives early termination notice on Discoverer India

* Reliance Industries Ltd. has elected to exercise its contractual option to terminate contract for ultra-deepwater drillship Discoverer India, effective December 2016, prior to its expiration in Jaunary 2021

* In accordance with contract, Transocean will be compensated by Reliance and its partners for early termination through a lump-sum payment of approximately $160 million Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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