Shipyard delivery for the first drillship is scheduled for mid-2015. The remaining three drillships are expected to be delivered from the shipyard at approximately six-month intervals thereafter. After customer acceptance, the contracts are expected to commence in 2015 and 2016, contributing an estimated revenue backlog of $7.6 billion, excluding mobilization. The aggregate capital investment for the four newbuild rigs is an estimated $3.0 billion, excluding capitalized interest.
All four drillships have advanced capabilities: each is designed to operate in water depths of up to 12,000 feet and drill wells to 40,000 feet. Featuring state-of-the-art equipment, including Transocean’s patented dual-activity drilling technology, the newbuild drillships will possess industry-leading hoisting capacity. The drillships will also have a variable deckload capacity of 23,000 metric tons and feature enhanced well completion capabilities. In addition, each newbuild rig will be outfitted with two 15,000 psi blowout preventers (BOPs), which are expected to reduce customer non-productive time between wells. The four newbuild drillships will be able to accommodate a future upgrade to a 20,000 psi BOP, when it becomes available. The rigs will also feature diesel engines configured to comply with anticipated Tier III International Maritime Organization (IMO) emissions standards.
“These contracts add 40 years of rig work to our revenue backlog, expand and upgrade our ultra-deepwater fleet, improve our fleet mix and provide an opportunity to expand our relationship with an important customer with which we have 40 years of experience in advancing the state of the art in offshore drilling technology,” said Steven L. Newman, President and Chief Executive Officer of Transocean Ltd. “We look forward to providing Shell with incremental value through the addition of these seventh-generation, ultra-deepwater drillships.”
Peter Sharpe, Shell’s Executive Vice President, Wells, said, “Shell continues to develop its deepwater operations and modernize its contracted rig fleet at fair market rates. These state-of-the-art deepwater rigs, on which we are collaborating with Transocean to design, will comply with the highest industry standards for safety, operations and environmental protection for drilling deepwater wells.”
The newbuild rigs will be constructed at the Daewoo Shipbuilding and Marine Engineering Co., Ltd. facility at Okpo, South Korea, where Transocean’s five Enhanced Enterprise-Class rigs were built and where the company currently has two other ultra-deepwater drillships under construction. Construction on the first drillship is expected to commence during the fourth quarter of 2013.
- Shell Gives Transocean a Huge Shot in the Arm with 40 Years of Drilling Contracts (gcaptain.com)
- Atwood Oceanics Orders Third Ultra-Deepwater Drillship (gcaptain.com)
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The naming ceremony for the vessel was held on November 10 in Hyundai Heavy’s shipyard in Ulsan, South Korea.
“This is the second project for Deep Sea Metro this year and fourth overall that Odfjell Drilling has successfully delivered since the Deepsea Atlantic in 2009. We are pleased to see that our site team and the yard have succeeded in every way, with regards to safety and schedule. The safety results in all our projects are very satisfactory, which is an important indicator of professionalism and accountability in all aspects. With the delivery of this state of the art vessel, we are now looking forward to the operations ahead.”
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- South Korea: Rowan Companies Inc, Announces Option to Build GustoMSC Drillship (mb50.wordpress.com)
- Fred Olsen Wins Contract for Belford Dolphin and Newbuild Drillship (gcaptain.com)
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- Fred Olsen Extends Drillship Option With Hyundai Heavy (gcaptain.com)
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Fairmount Marine, a Dutch marine contractor for ocean towage and heavy lift transportation, announces that its powerful tug Fairmount Glacier has successfully assisted the new build semi submergible drilling rig Scarbeo 9 sailing around Cape of Good Hope.
Fairmount Glacier was contracted to sail towards a meeting point offshore South Africa where she met with Scarabeo 9 and escorted her safely around the Cape of Good Hope. Despite the bad weather encountered during the route, the convoy proceeded at an average speed of 4.5 to 5.0 knots.
The semi submersible drilling rig Scarabeo 9 has a length of 115 metres, is 80 metres wide and her depth – from keel to main deck – is 35 metres. After they had safely cleared the South African Coast, the Master of Scarabeo 9 thanked Fairmount Glacier for her continued support throughout the voyage. The Fairmount Glacier returned to Cape Town.
- Fairmount Marine Brings Ocean Yorktown Rig in U.S. Gulf of Mexico (mb50.wordpress.com)
- Singapore: Keppel Completes Scarabeo 9 for Saipem (mb50.wordpress.com)
- Anti-Castro Cuban Americans Fret Over Drilling Rig (mb50.wordpress.com)