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Transocean: Contract for Ultra-Deepwater Drillship Discoverer India Terminated Early

Offshore drilling contractor Transocean says it has received a notice for the early termination of the contract for its ultra-deepwater drillship Discoverer India. Transocean announced Monday that its customer Reliance Industries Ltd. (Reliance) has elected to exercise its contractual option to terminate the contract for the drillship effective December 2016 prior to its expiration in January 2021.
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