Category Archives: Drillship

GustoMSC Introduces Its Largest Magellan-Class Drillship

GustoMSC presented the Magellan-class drillship, the next step in deep-water drillship design.

Named after Ferdinand Magellan who was the first sea explorer to circumnavigate the earth, GustoMSC developed the Magellan-class drillship in the explorer’s own tradition of endurance, perseverance and determination. The Magellan is outperforming the current generation fleet with respect to redundancy, autonomy, safety and load carrying capacity.

Advanced new drilling techniques and developments in drilling equipment, together with the growing interest in units that could drill in deeper water and have more operational flexibility and capability, prompted thinking about a new class of drilling vessel. “The design is the result of a specific focus on operators’ requirements. We also received feedback on our existing products and, of course, learn from the industry in general. After the Macondo incident in 2010, for example, there were many recommendations concerning operational procedures and rig design – with an emphasis on safety. We naturally wanted to incorporate that information into the new design,” says Sjoerd Hendriks, Design Manager of the Magellan project.

The Magellan is the largest drillship that GustoMSC has designed to date. The design backbone of the ship consists of the well-established and field-proven principles of its predecessors. The most important step forward is that the Magellan design is equipped for 20,000 psi well-control systems, including the associated increases in capacity, such as high hook loads and setback capacities. Magellan’s ability to accommodate higher pressure, high variable loads, mud volumes and setback capacities and incorporate any type of advanced drilling techniques – such as managed pressure drilling and dual gradient systems, means it is equipped to drill well beyond the current market limit of 12,000 feet.

Press Release, June 16, 2014

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Gulf of Mexico: Cobalt Hires Rowan’s New Ultra-Deepwater Drillship

Rowan Companies plc announced today that one of its subsidiaries has entered into a three-year contract with Cobalt International Energy, L.P. for the Rowan Reliance, one of Rowan’s new ultra-deepwater drillships currently under construction at the Hyundai Heavy Industries Co. Ltd. (“HHI”) shipyard in Ulsan, South Korea. The drillship is expected to operate in the U.S. Gulf of Mexico.

The Rowan Reliance is expected to be delivered from HHI at the end of October 2014. The contract is expected to commence late January 2015 following mobilization. The effective day rate for the work will be $602,000, including mobilization revenues, and adds $660 million in revenue backlog.

Matt Ralls, Rowan’s Chief Executive Officer, stated, “We are very pleased to enter into this relationship with Cobalt. They have a very exciting growth story with a strong track record in ultra-deepwater exploration. We will complement their growth potential through our expansion into the ultra-deepwater drilling segment with the most advanced drillships in the industry. We are proud to have this opportunity to be part of the future success of this exciting company.”

The Rowan Reliance is one of four ultra-deepwater drillships being constructed for Rowan by HHI. All four drillships are based on a GustoMSC P10,000 hull design, capable of drilling wells to depths of 40,000 feet in water depths up to 12,000 feet. The DP-3 compliant, dynamically positioned drillship will be equipped with retractable thrusters, two readily deployable seven-ram BOP systems, five mud pumps, dual mud systems and a maximum hookload capacity of 1,250 tons.

With the award of this contract for the Rowan Reliance, three of the Company’s four ultra-deepwater drillships under construction at HHI are now under contract. The fourth remaining uncontracted drillship, the Rowan Relentless, is scheduled to be delivered from the shipyard at the end of March 2015.

Rowan, August 6, 2013

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VIDEO: ‘Overdrill’ Drillship Design by Fincantieri and Aker Solutions

Fincantieri, one of the world’s largest shipbuilders, has launched a video showing its drillship design: The Overdrill.

The vessel is the next generation drillship which will enable the drilling contractors to drill to a maximum depth of 50.000 feet.

The design has been developed by joint effort of Fincantieri and Aker Solutions. The OVERDRILL design was first introduced to the public last month during the Offshore Technology Conference in Houston, USA.

During the event, Giuseppe Coronella, EVP of Fincantieri Offshore, stated: “The offshore drilling market is driven, on the one hand, by demand for traditional standard systems and, on the other, by ultra-deepwater exploration demanding innovative solutions. With support from Aker Solutions, Fincantieri has produced a rig design that provides solutions to both these needs”.

Click here to see the video.

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OVERDRILL: The Next Generation of Drillship from Fincantieri

Fincantieri, one of the largest shipbuilding groups in the world, is showing its strong commitment in the offshore market, not only through its new subsidiary VARD (previously known as STX OSV), but also by providing the market with the next generation of drillship: the “OVERDRILL design” which will put the drilling contractors in condition to drill to an overall max depth of 50.000ft.

The OVERDRILL design, which has been developed by Fincantieri in cooperation with Aker Solutions, incorporates perfectly Fincantieri Offshore’s mission to offer vessels born and designed around the drilling system, maximizing its integration with the hull. Aker Solutions has supported the development of the new Fincantieri Offshore’s design based on its experience as a supplier of high quality drilling equipment and services.

Compared to other ships of this category, the ones of OVERDRILL design will also feature an increased variable deck load capacity despite reduced overall dimensions. This represent an opportunity for the drilling contractors to evolve their current fleet with a new class of vessels, featuring a higher level of performance and efficiency at the same time, which can be further adapted to their specific requirements and operational attitudes.

The number of offshore wells currently account for about 15% of the global total. Although offshore drilling activities have been successfully going on for several decades, the current phase, with its move into ultra-deep waters, might be the start of a new era.

Commenting on the new design Mr. Giuseppe Coronella, EVP of Fincantieri Offshore, said: “The offshore drilling market is driven, on the one hand, by demand for traditional standard systems and, on the other, by ultra-deepwater exploration demanding innovative solutions. With support from Aker Solutions, Fincantieri has produced a rig design that provides solutions to both these needs”.

Mr. Thor Arne Håverstad, Head of drilling technologies at Aker Solutions, said: “Fincantieri Offshore’s expertise in vessel design combined with Aker Solutions’ knowledge of drilling technologies created a very powerful partnership, which made it possible to create the OVERDRILL design.

The drilling package is designed to meet new requirement related to water depth and drilling length with upgraded capacities, such as increased well pressure (20k) and hook load (1500st).

OVERDRILL design will be presented during the Houston OTC of May 6-10, 2013.

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Gulf of Mexico: PXP Hires Noble’s New Drillships for $1.3 Bln

Noble Corporation  today announced that the Company has entered into two three-year term drilling contracts with Plains Exploration & Production Company for the Noble Sam Croft and the Noble Tom Madden, two of Noble’s new ultra-deepwater drillships currently under construction at the Hyundai Heavy Industries Co. Ltd. (HHI) shipyard in Ulsan, South Korea.

The drillships, which are being constructed on a fixed price basis, are expected to be utilized for operations primarily in the U.S. Gulf of Mexico under these contracts.

The Noble Sam Croft is expected to be delivered in the second quarter of 2014, followed closely by the Noble Tom Madden, which is expected to be delivered in second half of 2014. The contracts are expected to commence following mobilization to the U.S. Gulf of Mexico and customer acceptance. Revenues to be generated over the three-year terms are expected to total approximately $693 million per rig, including mobilization fees, representing in excess of $1.3 billion in total potential backlog. With the award of contracts for these two units, all four ultra-deepwater drillships under construction for Noble at HHI are now under contract.

“With the addition of these units to our U.S. Gulf of Mexico fleet, Noble will have one of the most modern and capable fleets in the region, a fact that demonstrates the fundamental change going on across the Company,” noted David W. Williams, Chairman, President and Chief Executive Officer. “At the same time, these contracts provide us with significant additional backlog, while expanding and diversifying our customer base as we grow our relationship with an important new customer.”

The Noble Sam Croft and the Noble Tom Madden are two of the four ultra-deepwater drillships being constructed for Noble by HHI. All four drillships are based on a Hyundai Gusto P10000 hull design, capable of operations in water depths of up to 12,000 feet and offering a variable deck load of 20,000 metric tons. The Noble Sam Croft and Noble Tom Madden will be fully equipped to operate in up to 10,000 feet of water while offering DP-3 station keeping, two complete six-ram BOP systems, multiple parallel activity features that improve overall well construction efficiencies and accommodations for up to 210 personnel. Both rigs also will also be equipped with a 165-ton heave compensated construction cranes to facilitate deployment of subsea production equipment, providing another level of efficiency during field development programs.

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