Transocean, the world's largest provider of offshore drilling services, released a rig summary update today, confirming that it will lease two jackup rigs Chevron (CVX), the second-largest U.S. oil company, for an offshore project in Thailand. The dayrate on those rigs is expected to be $135,000.
Switzerland-based Transocean (RIG) also said it sold the Transocean Mercury rig this month, but did not give further details. The Mercury has been out of work since January 2010, having previously earned $110,000 per day off Egypt's coast, according to Reuters.
The company recently had to take $1 billion charge related to a write-down in value for its 54 jackup rigs. Half of the company's 64 shallow water rigs are currently stacked, Reuters reported. Transocean's update also showed the company will lease the Paul B. Loyd, Jr. rig to BP (BP) for a deepwater project in the North Sea. The contract is expected to start in 2012.
Transocean and BP, Europe's second-largest oil company, have a now infamous relationship as the owner and operator of the Deepwater Horizon rig, which exploded last April, leading to 11 deaths and the largest oil spill in U.S. history.