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Transocean books $2 billion in contracts

HOUSTON, March 1 (UPI) -- Houston-based Transocean Inc. has booked contracts worth as much as $2.2 billion, from Chevron Corp. and BP PLC.

The Chevron contracts, worth as much as $1.7 billion, are for construction of a deepwater drillship, while two others are for the continued use of a Transocean floating oil platform, the use of a deepwater drillship and a semisubmersible drilling rig, Transocean said Wednesday.

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The BP America Production Co. contracts, worth as much as $569 million, are for continued use of a Transocean deepwater drillship.

The contracts are for exploration and production in the deep waters of the Gulf of Mexico.

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