Transocean Issues Update on Macondo Incident
(Thomson Reuters ONE) -
Transocean Ltd. /
Transocean Issues Update on Macondo Incident
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The issuer is solely responsible for the content of this announcement.
ZUG, SWITZERLAND--(Marketwire - April 21, 2011) - Transocean Ltd. (NYSE: RIG)
(SIX: RIGN) announced today that an affiliate of BP plc on April 20, 2011 filed
a cross-claim against Transocean entities in the existing Multi-District
Litigation proceeding in the U.S. District Court, Eastern District of Louisiana
for contribution pursuant to the Oil Pollution Act of 1990. Pursuant to an order
of the court, co-defendants in a consolidated proceeding related to the Macondo
well incident were required to file claims by April 20, 2011.
To protect its rights, Transocean also filed cross-claims against BP entities
and other parties involved in the Macondo well incident to enforce its
indemnification rights.
Under the drilling contract for Deepwater Horizon, BP has agreed, among other
things, to assume full responsibility for and defend, release and indemnify
Transocean from any loss, expense, claim, fine, penalty or liability for
pollution or contamination, including control and removal thereof, arising out
of or connected with operations under the contract. Transocean expects BP to
honor its contractual indemnification obligations under the contract. The
Deepwater Horizon drilling contract with BP can be found in the company's August
4, 2010 10Q filing with the SEC.
About Transocean
Transocean is the world's largest offshore drilling contractor and the leading
provider of drilling management services worldwide. With a fleet of 137 mobile
offshore drilling units as well as one ultra-deepwater newbuild drillship and
three high-specification jackups under construction, Transocean's fleet is
considered one of the most modern and versatile in the world due to its emphasis
on technically demanding segments of the offshore drilling business. Transocean
owns or operates a contract drilling fleet of 47 High-Specification Floaters
(Ultra-Deepwater, Deepwater and Harsh-Environment semisubmersibles and
drillships), 25 Midwater Floaters, nine High-Specification Jackups, 53 Standard
Jackups and other assets utilized in the support of offshore drilling activities
worldwide.
For more information about Transocean, please visit our website at
www.deepwater.com.
Analyst Contact:
Gregory S. Panagos
+1 713-232-7551
Media Contact:
Guy A. Cantwell
+1 713-232-7647
--- End of Message ---
Transocean Ltd.
Chemin de Blandonnet 10 Vernier Switzerland
ISIN: CH0048265513;
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originality of the information contained therein.
Source: Transocean Ltd. via Thomson Reuters ONE
[HUG#1508586]
Unternehmensinformation / Kurzprofil:
Datum: 21.04.2011 - 17:31 Uhr
Sprache: Deutsch
News-ID 53814
Anzahl Zeichen: 3448
contact information:
Town:
Vernier
Kategorie:
Business News
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