Rowan Companies exercises option to build a fourth GustoMSC P10,000 design ultra-deepwater drillship with Hyundai Heavy Industries Co., Ltd. The cost for this rig, including commissioning, project management and spares, but excluding capitalized interest, is estimated to be approximately $620 million, with delivery scheduled for March 2015. Rowan plans to equip its drillships with 2,000 feet of additional riser to enable operations in water depths up to 12,000 feet upon delivery. Each drillship will also be equipped with a second BOP for minimizing non-productive time. The company will also incur operational training and personnel ramp-up costs in readying the drillships to commence well operations. Expected costs for the additional riser, BOP and training and ramp-up costs will be approximately $75 million. Total cost for the Company's fourth drillship will be approximately six percent higher than the Company's first three drillships primarily due to equipment price increases and projected labor cost increases. The agreement with HHI also includes an option for a similar fifth drillship exercisable in the fourth quarter of 2012, for delivery in the third quarter of 2015. The Rowan Renaissance is expected to be delivered in late 2013. The second and third drillships are expected to be delivered in the second and fourth quarters of 2014, respectively.
DSME signed a contract with Atwood Oceanics, a U.S.-based ocean drilling company, for the construction of one drillship. This is the option of last year’s contract with a value of approximately $570 million and it will be delivered at the end of 2015. DSME and Atwood Oceanics also agreed in principle to an additional drillship contract. The newly ordered drillship is a DSME-12000 type drillship which was developed using DSME’s own technology
DryShips Inc. (NASDAQ:DRYS), a global provider of marine transportation services for drybulk cargoes and off-shore contract drilling services, announced today that it has closed the acquisition of the remaining 25% of the total issued and outstanding capital stock of Primelead Shareholders Inc. Primelead is now a wholly-owned subsidiary of the company. Primelead’s principal assets include two owned and operational ultra deepwater semisubmersible drilling rigs
Pride International recently dedicated its ABS-classed deepwater drillship Deep Ocean Clarion at Samsung Heavy Industries Shipyard in Geoje, South Korea. This is the second of four new drillships for the deepwater drilling contractor. Its sister ship, the ABS-classed Deep Ocean Ascension was delivered in February 2010 and has been deployed to the Gulf of Mexico. The 96,000 dwt Deep Ocean Clarion is capable of dual drilling activity and can drill in water depths of up to 12,000 feet
Rowan Companies, Inc. (NYSE: RDC) announced today that a subsidiary has entered into turnkey contracts for the construction of two ultra-deepwater drillships with a cost of approximately $605 million each. The drillships will be constructed by Hyundai Heavy Industries Co., Ltd. ("HHI") at its Ulsan shipyard, and are expected to be delivered in late 2013 and mid-2014. Matt Ralls, President and Chief Executive Officer, commented
Rolls-Royce awarded contracts worth over £70-million to supply large thrusters for offshore drilling vessels. These latest orders, which include options for additional thrusters, are from a variety of customers who are expanding their drillship fleets and are driven by greater demand in oil and gas exploration in deep water and harsh conditions. These high specification drillships operate in dynamic positioning (DP) mode
Hyundai Heavy Industries, the world’s biggest shipbuilder and a leading marine engine manufacturer, today announced it won orders to supply HiMSEN marine engines for drillships for major offshore drilling companies including Noble Drilling Holding LLC., Diamond Offshore Drilling Ltd. The 98 HiMSEN engines, worth USD 150 million, will be installed in 15 drillships including 9 Hyundai Heavy ordered this year from the first half of 2012.
Diamond Offshore announce fourth ultra-deepwater drillship order placed with Hyundai Heavy Industries Diamond Offshore Drilling, Inc. announce that a subsidiary, Diamond Offshore Drilling Limited, has entered into a turnkey contract with Hyundai Heavy Industries Co., Ltd. for construction of a new ultra-deepwater drillship with delivery scheduled in the fourth quarter of 2014. Total cost, including commissioning, spares and project management
Maersk Drilling informs it has taken delivery of its first ultra deepwater drillship, 'Maersk Viking', from the Samsung Heavy Industries (SHI) shipyard in Geoje-Si, South Korea. The new vessel has started its voyage to the US Gulf of Mexico where it will commence a three year contract with ExxonMobil. The owners explain that Maersk Viking is the first in a series of four ultra deepwater drillships to enter Maersk Drilling’s fleet. The four drillships represent a total investment of USD 2
Ocean Rig UDW Inc. has chosen Kongsberg Maritime to supply an extensive offshore and navigation simulator package for a brand new training center. With a sophisticated integrated simulator suite, enabling specific operations and vessel team training, Ocean Rig’s new facility, is shaping up to become one of the world’s most advanced offshore training centers, Kongsberg Maritime said. Ocean Rig owns and operates two ultra-deepwater semisubmersible drilling rigs and nine
The Houston-based Rig player Northern Offshore has negotiated a nine month delay for the delivery of two high specification jack up rigs Energy Engager and Energy Encounter. It will push back the delivery of the Energy Engager and Energy Encounter from a shipyard in China
Marking 50 years since the delivery of its first azimuth thruster, Rolls-Royce held an event in Rauma, Finland to celebrate the occasion. Azimuthing thrusters, which today are one of Rolls-Royce’s most successful marine products, rotate through 360 degrees
Maersk Drilling delivered a profit of USD 168m (USD 116m) in the first quarter of 2015. The result was positively impacted by fleet growth and continued good operational performance, but partly offset by two rigs being idle. The underlying profit for the quarter was USD 195m (USD 109m)
Norway's Odfjell Drilling has secured a contract with VietGazprom to deploy 2011-built drillship Deepsea Metro I (UDW drillship) to Vietnam. The area of operation is in Blocks 130 and 131 offshore Vietnam. Contract commencement is expected to take place mid 3Q 2015.
Maersk Drilling’s fourth ultra deepwater drillship has been named in a ceremony held at the Samsung Heavy Industries (SHI) shipyard in Geoje-Si, South Korea. Lene Berg, wife of Gregers Kudsk, Vice President in Maersk Drilling, named the drillship 'Maersk Voyager'.
Rolls-Royce announced it has signed a cooperation agreement with the Astican Shipyard in Las Palmas, Canary Islands that it said will enhance the service capabilities of both parties to meet growing demand from rig and drillship owners. A new 1
Maersk Drilling’s third drillship, Maersk Venturer, which was delivered 25 September 2014 from the Samsung Heavy Industries (SHI) shipyard in Geoje-Si in South-Korea, has secured a short term contract with oil major Total. Maersk Venturer will commence a one well program offshore Malaysia
Rowan Companies plc informed today that its monthly report of drilling rig status and contract details have been updated as of November 20, 2014. Notable events in the current report include: Rowan Louisiana: As previously indicated
Chevron Corporation announced an oil discovery at the Anchor prospect in the deepwater U.S. Gulf of Mexico. Anchor is Chevron’s second discovery in the deepwater Gulf in less than a year. “The Anchor discovery, along with the previously announced Guadalupe discovery
Several of Ocean Rig UDW Inc. subsidiaries have entered into an omnibus agreement with ENI Angola S.p.A pursuant to which ENI has exercised its option to extend the contract for the drillship Ocean Rig Poseidon for a further one year until the second quarter of 2017.
ABS has awarded approval in principle (AIP) for Hyundai Heavy Industries' next-generation HD12000 heavy duty, wide beam drillship design. The drillship, which can accommodate a 20,000-psi blowout preventer system, has been designed in full compliance with the ABS Guide for the
Sembcorp Marine Ltd is owed S$70-80 million ($51-$59 million) from Sete Brasil related to drillship orders, its chief executive said on Thursday. Sembcorp Marine in 2012 secured orders for seven drillships from Sete Brasil, a company set up by Petrobras, along with a group of banks and funds
The Maersk Group has reaffirmed its commitment to support the expansion of Ghana’s Port of Tema to the tune of US$1.5 billion. The Group Chief Executive Officer of the multinational transport and energy giant Maersk Group, Nils Smedegaard Andersen
Maersk Drilling was awarded a contract from eni Ghana Exploration and Production Ltd. for employment of the newbuild drillship Maersk Voyager. The contract will see Maersk Voyager work on the Offshore Cape Three Points (OCTP) Project offshore Ghana with expected commencement in July 2015
Not so long ago, advanced drillships costing more than half a billion dollars each and capable of operating in ever-deeper waters practically guaranteed big profits for oil-rig operators. Now, with oil prices down by half since June