Daily Archives: May 31, 2012
Recap: Worldwide Field Development News (May 25 – May 31, 2012)
This week the SubseaIQ team added 2 new projects and updated 13 projects. You can see all the updates made over any time period via the Project Update History search. The latest offshore field develoment news and activities are listed below for your convenience. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Pacific Drilling Receives LoA for Pacific Sharav Drillship
Pacific Drilling S.A., a fast growing company dedicated to becoming the preferred ultra-deepwater drilling contractor, has received a letter of award for the Pacific Sharav drillship, revealed the company’s CEO Chris Becket.
CEO Chris Beckett commented on the increasing demand for ultra-deepwater units: “During the early part of 2012, demand for ultra-deepwater drillships continued to strengthen, as demonstrated by the acceleration in multi-year inquiries and contract awards with increasingly higher dayrates. We expect to see market demand exceed supply well into 2014.”
He added: “In this favorable market context, the Pacific Sharav received a letter of award from a major oil company for a long term commitment. We expect to provide more details on this commitment in the coming weeks. These positive market dynamics supported our decision to order a seventh drillship, scheduled for delivery in May 2014.”
Construction of the Pacific Sharav started in March 2012 at Samsung Heavy Industries in South Korea. Delivery of the rig is expected in September 2013. The vessel, of Samsung 12000 design, will be capable of operating in 12,000 ft water depth and equipped for 40,000 ft drilling depth. The ship will be able to accommodate a crew of 200.
Pacific Drilling’s fleet of seven ultra-deepwater drillships will, once completed, represent one of the youngest and most technologically advanced fleets in the world. The company currently operates four recently delivered drillships and has two additional drillships under construction and one on order at Samsung.
During the first quarter of 2012, the company invested $102 million in the construction of the fleet, including the initial payment for its seventh drillship.
“We estimate the remaining capital expenditures for our committed drillships at $1.6 billion,” read the company’s statement.
Source: Pacific Drilling Receives LoA for Pacific Sharav Drillship| Offshore Energy Today.
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USA: SCA’s Award for Excellence in Safety Goes to Bollinger Shipyards
Bollinger Shipyards, Inc. was awarded the 2011 “Award for Excellence in Safety” by the Shipbuilders Council of America for the seventh consecutive year. With focused efforts of continuous improvement, they also earned the 2011 SCA “Award for Improvement in Safety”.
Read more: Shipbuilding Tribune – USA: SCA’s Award for Excellence in Safety Goes to Bollinger Shipyards.
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