ENSCO International Incorporated announced construction of the ENSCO 7500 semisubmersible rig is progressing satisfactorily at the Friede Goldman Offshore, Orange, Texas shipyard. FGO estimates construction of the rig will be completed, and shipyard delivery will take place during October of 2000. This is in line with ENSCO's previously reported expectation the rig will commence its term contract for Burlington Resources during the fourth quarter of 2000. The Burlington contract is expected to generate revenue of approximately $190 million during the three-year primary term. In a related development, Burlington ? while reconfirming their commitment under the ENSCO 7500 drilling contract ? and ENSCO have agreed to work together to sublet the rig to third parties if spare rig capacity is available during the primary term of the contract. The ENSCO 7500 is a dynamically positioned semisubmersible rig capable of drilling in 8000 ft. of water. The rig is an ENSCO proprietary design intended for work in the Gulf of Mexico, offshore Brazil, West Africa or Asia.
Transocean Inc. said that the board of directors of Petroleo Brasileiro S.A. (Petrobras) approved contract awards for five of the company's rigs totaling 19 rig years and an estimated $985 million in revenues, excluding revenues for mobilization, demobilization, performance bonus opportunities and client reimbursables. The contracts were approved for the drillships Deepwater Navigator and Peregrine I and semisubmersible rigs Sedco 707, Sedco 710 and Transocean Driller
Transocean Inc. today announced that it has begun the process of deploying personnel to its U.S. Gulf of Mexico-based fleet and damage assessment efforts are underway following Hurricane Katrina. The company noted that it is experiencing some disruption with crew changes stemming from the dislocation caused by the storm. A preliminary inspection of the company's semisubmersible rig Deepwater Nautilus has revealed significant damage to the rig's mooring system and the loss of approximately 3
Worldwide oil and gas drilling contractor GlobalSantaFe Corporation reported that the company's worldwide SCORE, or Summary of Current Offshore Rig Economics, for March 2003 was flat with the previous month's SCORE. GlobalSantaFe's SCORE compares the profitability of current mobile offshore drilling rig dayrates to the profitability of dayrates at the 1980-1981 peak of the offshore drilling cycle. In the 1980-1981 period, when SCORE averaged 100 percent
The DSSTM 38 ultra deepwater semisubmersible rig was delivered a record four months ahead of schedule. Keppel FELS Limited (Keppel FELS) has delivered Alpha Star, the second of two DSSTM 38 semisubmersible rigs, to Brazil's Queiroz Galvão Óleo e Gás (QGOG) four months ahead of schedule and with zero lost time incidents. This continues Keppel FELS track record of delivering its rigs on time or ahead of schedule
Transocean Ltd. (NYSE:RIG) announced that the Board of Directors of Petroleo Brasileiro S.A. (Petrobras) has approved the award of a three-year contract for the ultra-deepwater semisubmersible rig Cajun Express for operations in Brazil. Petrobras has the right within one year of contract execution to convert the three-year contract to a five-year contract. Estimated contracted revenues related to the three-year contract term and five-year contract term, if elected, are approximately $558
Signal International has been awarded a contract for the repair and upgrade of the Transocean semisubmersible rig, HENRY GOODRICH. The project is slated to commence early December 2011 at Signal’s east yard facility in Pascagoula, Mississippi, for a seventy-day out-of-service time frame. The scope of work includes overall repairs, upgrades and refurbishments of the rig. In addition to the removal, renewal and replacement of major equipment; Signal will also be upgrading the crew
Keppel FELS Limited has secured a repeat order from Transocean Offshore Deepwater Holdings Ltd, a subsidiary of Transocean Ltd., valued at $195 million. Following its order of two jack-up rigs from Keppel FELS on February 17, Transocean is exercising its option to build another high-specification jack-up rig based on the KFELS Super B Class Bigfoot design for delivery in 3Q2013. This rig is designed with larger spud cans, expanding its operational coverage to more places
Transocean Inc. announced that a search continues in the Gulf of Mexico for the deepwater semisubmersible Deepwater Nautilus in the aftermath of Hurricane Ivan. All personnel had previously been safely evacuated and the well was secured before the approach of the storm. The U.S. Coast Guard has been notified of the missing rig, which was moored to the seafloor with anchors and related equipment at its location approximately 160 miles south of Mobile, Alabama.
Houston-based worldwide oil and gas drilling contractor GlobalSantaFe Corporation reported that the company's worldwide SCORE, or Summary of Current Offshore Rig Economics, for July 2002 was up from the previous month's SCORE by 1.7 percent. GlobalSantaFe President and CEO Sted Garber said, "This month's SCORE showed real improvement in the Gulf of Mexico offshore rig market during July, as the supply for certain classes of jackup rigs in this region tightened and drove dayrates higher
Keppel Offshore & Marine Ltd. (Keppel O&M) through its subsidiaries Caspian Rigbuilders BV (an affiliated company of Keppel FELS) and Caspian Shipyard Company (CSC), has secured a contract from Caspian Drilling Company Ltd., a subsidiary of the State Oil Company of Azerbaijan Republic
Hyundai Heavy Industries (HHI) announced that it won a $750 million order to build a semisubmersible drilling rig for Diamond Offshore. The drilling rig, measuring 123 meters in length and 96 meters in width, can operate in waters 3,000 meters deep with a drilling range of 12
Cat C280-16 generator sets with an increased power rating have been selected by Jurong Shipyard, to power West Rigel drill rig. The West Rigel is a semisubmersible drilling rig newbuild under construction for North Atlantic Drilling Limited, a subsidiary of Seadrill Limited
GE’s Power Conversion business signed a multimillion dollar contract with shipbuilder Hyundai Heavy Industries (HHI) of Ulsan, South Korea. GE will supply electric power, propulsion systems and drilling drives for a new semisubmersible drilling platform HHI is building for Seadrill Ltd
Wärtsilä to provide integrated power, propulsion and positioning system for DP3 offshore accommodation rig for Singapore's Axis Offshore. The contract with Cosco (Qidong) Offshore is for the vessel to be equipped with a DP3 dynamic positioning system
Keppel AmFELS LLC, a wholly owned U.S. subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), has delivered the jackup rig, Papaloapan, to Mexico’s Perforadora Central SA de CV (Perforadora Central) on time, within budget and with a perfect safety record.
Keppel FELS say that the contract with Naftogaz of Ukraine was cancelled because certain conditions within the timeline were not met. On 4 December 2012 Keppel FELS had announced the signing of a conditional contract between them and Ukraine’s National Joint-Stock Company
Keppel FELS Ltd, a wholly-owned subsidiary of Keppel Offshore & Marine, has secured three contracts worth a combined US$300 million from repeat customers. The contracts are for the construction of a KFELS B Class jackup rig from Star Drilling Pte Ltd
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
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
Keppel FELS Limited (Keppel FELS), a wholly owned subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), has signed a contract with Ukraine's National Joint-Stock Company "Naftogaz of Ukraine" (Naftogaz), to construct two semisubmersible drilling rigs worth about US$1.2 billion
Ocean Rig UDW Inc. sign contract for Samsung Heavy Industries to construct a 7th Generation Ultra Deepwater (UDW) Drillship. This 7th Generation drillship is a sister ship to the three currently under construction at Samsung, and is scheduled to be delivered to the company in January 2015.
Ocean Rig UDW Inc. has received a Letter of Intent to contract one of its semi-submersible drilling rigs, “Eirik Raude”, from an oil major. The Letter of Intent is for a one-well program, with an estimated duration of up to 6 months, for drilling offshore Ireland
A Diamond Offshore Drilling subsidiary contracts with Jurong Shipyard, Singapore for a moored semi-submersible rig. Total cost for the project is expected to be approximately US$ 370-million, including commissioning, spares and project management, but excluding capitalized interest.
The offshore industry, and specifically Brazil, continue to be a driver for maritime markets, as Keppel Offshore & Marine Ltd (Keppel O&M), through its subsidiary Fernvale Pte. Ltd., signed contracts with Sete Brasil Participações S.A