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.
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
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
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
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
Transocean Inc. has been awarded contracts for two High-Specification drillships, the Deepwater Millennium and the Deepwater Expedition, for drilling operations in the U.S. Gulf of Mexico and offshore Egypt, respectively. The Deepwater Millennium, a Fifth-Generation, dynamically positioned drillship, has been awarded a two-year contract by Anadarko Petroleum Corporation for drilling operations in the U.S. Gulf of Mexico
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.
Samsung Heavy Industries gets $645-million order for advanced capability, ultra-deepwater drill ship Ensco plc has has ordered a new advanced-capability, ultra-deepwater drillship to be built at the Samsung Heavy Industries, Co. Ltd. (SHI) Shipyard in Geoje, South Korea. The vessel, ENSCO DS-8, will be the sixth Samsung DP3 drillship in the Ensco fleet, extending the benefits of Ensco’s fleet standardization strategy
Brazil's Queiroz Galvão Óleo e Gás S.A. (QGOG) names its two new drillships at the Samsung Heavy Industries shipyard QGOG announces the naming ceremony in South Korea of the Amaralina Star and the Laguna Star, the newest dynamically positioned ultra-deepwater drillships to be operated by the company. The Amaralina Star and the Laguna Star are capable of drilling in water depths of up to 10,000 feet and drilling to a total well depth of 40,000 feet
ABS hosted its Annual Meeting in New York on April 23, 2013. ABS Chairman, Robert D. Somerville reported that, "despite the uncertainties of the global economy and of the shipping and offshore markets, ABS turned in yet another record performance."
Caterpillar Global Petroleum to supply diesel generator sets for the drillships to be built in Brazil. The contract has been awarded by Estaleiro Enseada do Paraguaçu (EEP) for six drillships to be built at Estaleiro Enseada do Paraguaçu shipyard in the state of Bahia, Brazil
Rolls-Royce's milestone 100th contract is to deliver drillship propulsion systems to a Transocean rig. In recent months Rolls-Royce has won orders to supply propulsion systems for seven new drillships totaling close to £100 million, including options
Kongsberg was awarded an offshore integrated monitoring and control system contract with Daewoo Shipbuilding & Marine Engineering (DSME). The contract covers deliveries to four Transocean owned newbuild drillships, with an option for Kongsberg to deliver products and services for six more
Pacific Drilling S.A. agrees with Samsung Heavy Industries to extend an option to construct an eighth ultra-deepwater drillship. The contractual option has been extended until January 18, 2013, on the same commercial terms, including delivery scheduled for the first quarter of 2015.
An Atwood Oceanics, Inc. subsidiary awarded year's contract extension by Salamander Energy for the jackup 'Atwood Mako'. The extension is priced at a day rate of $155,000 and begins September 9, 2013. The Atwood Mako commenced its initial twelve month drilling services contract with
Aker Solutions to supply a complete drilling equipment package for a deepwater drillship Jurong Shipyard is building for the Brazilian market. On 25 August 2012 Aker Solutions announced a contract to supply six drilling equipment packages to Jurong Shipyard
Seadrill - North Atlantic Drilling Ltd. announces extension of Statoil contract for the harsh environment jack-up rig 'West Epsilon'. North Atlantic Drilling Ltd., a majority owned subsidiary of Seadrill Limited, announce that Statoil has exercised its option to extend the contract for the
Ocean Rig UDW Inc., a global provider of offshore deepwater drilling services, signs contract with an oil major for the semi-submersible drilling rig 'Erik Raude'. The drilling contract is for a one-well program, with an estimated duration of up to 6 months, for drilling offshore Ireland
An Atwood Oceanics subsidiary awarded drilling services contract by Mubadala Petroleum. The Atwood Orca, currently under construction at PPL Shipyard in Singapore, will have a rated water depth of 400 feet, 1.5 million pound hook load capacity
Pacific Drilling exercises contract option for Samsung Heavy Industries to construct another Ultra-Deepwater Drillship. The drillship will have a rated water depth of 12,000 feet, be equipped for 40,000 feet drilling depth, have accommodation for 200 personnel and be equipped to support dual
Greece's DryShips Inc. is to offer the public 5-million of the common shares it holds in Ocean Rig UDW. Following the completion of the offering, DryShips is expected to own approximately 61.3% of Ocean Rig’s outstanding shares (Ocean Rig is a provider of offshore deepwater drilling
Pacific Drilling S.A. sign a $1 billion senior secured credit facility agreement to finance construction of the Pacific Sharav & Pacific Meltem. The term loan made pursuant to the credit facility will have a maturity of 5 years from the delivery date of the Pacific Meltem
Ocean Rig UDW Inc international contractor of offshore deepwater drilling services reports unaudited losses in Q4 & year-end 2912 financial results. Year Ended December 31, 2012 Financial Highlights For the year ended 2012, the Company reported a net loss of $132.3 million, or $1
In the last 12 months, GE has won contracts valued at more than $600 million to provide propulsion systems with customers in the pre-salt oilfield expansion off Brazil’s east coast. GE’s systems will power, propel, navigate, position and control drillships and also power and control