"ALEXANDRIA, EGYPT: Petrobel, an Egyptian oil company jointly owned by the Egyptian General Petroleum Corp. and Eni, has terminated its contract for Transocean jackup GSF Key Singapore. Transocean is challenging the validity of this termination.."
It is difficult to draw any conclusion out this since the information provided is very limited. This is the third Transocean contract that has been terminated pre-maturely, the two others were terminated due to financial woes of the customers.
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