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Transocean won contract for Aker Drilling
16 August 2011: Transocean has won the contract of $1.43 billion (approx Rs 6, 334 crore) and is paying double the market price for Aker Drilling to refresh its ageing fleet of Norwegian drilling rigs and boost flagging orders.
Aker Drilling, spun off from Aker Solutions, operates two harsh-environment, ultra-deepwater semi-submersible rigs and is expected to take delivery in 2013 of two drillships under construction. After the deal with Aker Drilling, the firm will own seven rigs and boost its market share of the rig market in the Nordic country.
Source: Economic Times