Affected by impairments for three retired rigs, offshore drilling contractor Transocean more than doubled its losses in the third quarter of the year when compared to the last year’s 3Q.
According to Transocean’s quarterly report published on Monday, the company’s total contract drilling revenues were $784 million in 3Q 2019, compared to $816 million in the same period last year.
Operating and maintenance expense was $547 million in 3Q 2019, compared with $447 million in the third quarter of 2018.
Brazil Energy Insight 
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