Rig company Transocean said Tuesday it landed a multi-well contract for Chevron off the coast of Australia, adding support from the previous trading day. Transocean announced it leased its ultra-deepwater Development Driller 1 to the Australian subsidiary of Chevron for an 11-well contract, which would extend out to about two and a half years. The contract includes a possible four-well extension and carries a cost of about $158 million. Chevron in April announced plans for further development of the Gorgon natural gas project off the northwest coast of Western Australian. The entire Gorgon project will eventually produce 15.6 million tons of liquefied natural gas per year, a fuel described by Chevron as “essential” for markets across Asia. Chevron […]