Oil firm Talisman Sinopec in £290m deal with Transocean
- 1 March 2013
- From the section Scotland business
Oil company Talisman Sinopec has agreed a £290m contract with drilling rig firm Transocean.
It will involve work on the £1.6bn MonArb Area Redevelopment (Mar) project, to prolong the life of several North Sea fields.
The three-year contract was announced in Aberdeen by Energy and Climate Change Secretary Ed Davey.
Mr Davey said tax breaks offered to the industry were now bearing fruit.