Transocean has received a notice of early termination from Esso Exploration Angola (Block 15) Ltd. for the ultra-deepwater semisubmersible GSF Development Driller I. The rig`s drilling contract is expected to end in May 2016 with the demobilization completed in June 2016. In accordance with the terms of this contract, the company will not receive a payment compensating it for the remaining contract term. Transocean does not have other contracts in its backlog that permit uncompensated cancellation for convenience.