The three-year contract is expected to commence in December 2010, following the completion of the rig’s existing contract commitments in the US Gulf of Mexico.
The estimated contract revenues that could be generated over the three-year contract period are $569.4 million. The estimated contract revenues represent the maximum amount of revenues that may be earned in the firm contract period, excluding revenues for mobilization, demobilization and cost escalation.
The Discoverer Spirit is one of 34 high-specification floaters in the Transocean fleet, 13 of which are ultra-deepwater floaters. The rig is capable of operating in water depths of up to 10,000 feet.
