Transocean pushed back the delivery of two ultra-deepwater drillships to a Sembcorp Marine subsidiary on Tuesday by two years.
The company said it amended its construction contracts with Sembcorp Marine’ subsidiary Jurong Shipyard to delay the delivery of its two new build, ultra-deepwater drillships by 24 months.
The two drillships are now expected to be delivered in the second quarter of 2019 and the first quarter of 2020.
The Switzerland-based company added that its previously idled GSF C.R. Lugs has been stacked.
Transocean also bumped up its estimated 2015 out-of-service time increased by a net 45 days.