Transocean Ltd. (NYSE: RIG) announced today that Murphy Exploration & Production Company - USA, a subsidiary of Murphy Oil Corporation (MUR), has elected to terminate the contract for the ultra-deepwater drillship Discoverer Deep Seas.
The rig's contract was scheduled to end in November 2016. Transocean (RIG) will be compensated for the early termination through a lump-sum payment that includes adjustments for operating costs.
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