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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

Source

Gulf of Mexico: BP Extends Discoverer Enterprise Drillship Contract

Transocean has secured a contract extension for its Discoverer Enterprise drillship in the U.S. Gulf of Mexico.

The nine-month contract extension has been awarded by BP. The extension begins in January next year, with the expiration date set for October 2014. The new dayrate for the drilling unit has been set at $615.000 ($166 million estimated backlog).  The rig’s prior dayrate was $515,000.

Discoverer Enterprise is a fifth generation deepwater double hulled dynamically positioned drillship, capable of operating in moderate environments and water depths up to 3,049 m (10,000 ft).   From 1998 to 2005 the vessel was Panama-flagged and currently flies the flag of convenience of the Marshall Islands.

Also, the company said it sold the standard jackup, GSF Rig 127, which was previously held for sale. The details of the transaction have not been disclosed.

Source

Rowan Secures Contract for “Rowan Resolute” Drillship. Sells “Rowan Paris” Rig

The U.S. based drilling contractor Rowan Companies has entered into a three-year contract with Anadarko Petroleum Corporation.

The drillship is expected to be delivered at the end of the second quarter 2014 and operate in the U.S. Gulf of Mexico starting in the late third quarter 2014.  The Rowan Resolute is one of four ultra-deepwater drillships being constructed for Rowan by Hyundai Heavy Industries Co. Ltd. (“HHI”) shipyard in Ulsan, South Korea.

With the award of this contract for the Rowan Resolute, two of the Company’s four ultra-deepwater drillships under construction at HHI are now under contract.  The remaining two uncontracted drillships are scheduled to be delivered from the shipyard at the end of October 2014 and March 2015.

Rowan, in its fleet status report, said that the day rate for the contract is in the high $600.000s.

Rig contract in Indonesia

Also, the company has informed it has secured a 170 day contract with Pertamina Hulu Energi for Gorilla II rig in Indonesia at a day rate in the high $160s (above previous day rate in the mid $130s) expected to commence operation in September 2013.

Further in the report for June 2013, Rowan said it has sold the Rowan Paris rig for $40 million in June 2013.

Offshore Energy Today Staff, June 20, 2013

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