ExxonMobil Terminates Rig in Angola

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Transocean has joined the ranks of several other firms that over the past couple of months has seen early termination notices for their rigs.

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The US supermajor sent Transocean a notice of early termination notice for the GSF Development Driller I semi-submersible rig that it has been using offshore Angola.

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According to Transocean the drilling contract will end in May, with demobilization to be completed in June. The company said it will not receive compensation for the remaining contract term.

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