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Thursday, 03/02/2006 10:38:43 PM

Thursday, March 02, 2006 10:38:43 PM

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Transocean to build drillship for Chevron
Houston Business Journal - 3:49 PM CST Wednesday
Chevron Corp. has awarded Transocean Inc. a contract to lead the construction of a new deepwater drillship.

Houston-based Transocean (NYSE: RIG) and Chevron have also signed contract extensions for two existing Chevron (NYSE: CVX) drillships.

Combined, the three deals could bring $1.7 billion in revenue to the Houston company.

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