GlobalSantaFe Updates Rig Status

Wednesday, September 14, 2005
GlobalSantaFe provided a preliminary estimate for the expected start of operations for its four offshore drilling rigs damaged by Hurricane Katrina.

Most of the damage to the company's four semisubmersible rigs was to their mooring systems. Three of these rigs, the GSF Arctic I, GSF Development Driller II and GSF Celtic Sea, are projected to begin normal operations in the U.S. Gulf of Mexico during the fourth quarter of 2005. The GSF Development Driller I, which also sustained water damage to some of its thruster control systems, is projected to start work in the first half of 2006 due to longer delivery times for critical replacement parts.

All of the damaged rigs are covered under a hull and machinery insurance policy with a combined deductible of $10 million for this event. In addition, the GSF Arctic I, GSF Development Driller II and GSF Development Driller I are insured under a policy that provides reimbursement to the company for 100 percent of each rig's contracted dayrate following 60 days of lost revenue, up to a maximum of 270 days per rig.

Maritime Reporter May 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

WCI Applauds Increased USACE Funding

Today WCI applauded the leadership of Senate Appropriations Committee Chairman Thad Cochran (R-MS) and Senate Energy & Water Development (E&WD) Appropriations Subcommittee

SoCal Beach Cleanup Could Take Months

The U.S. Coast Guard captain overseeing cleanup of oil spilled from a pipeline rupture that closed two California state beaches and fouled offshore waters near

MPC Honors Crowley for Tank Vessel Safety

Crowley Maritime Corporation’s petroleum services division has once again been honored by Marathon Petroleum Company (MPC) with its annual Elite Vessel Award, which

Offshore

US Oil Platform on Fire in Gulf Of Mexico

An oil platform caught fire and was evacuated in the U.S. Gulf of Mexico offshore Louisiana in the early hours of Friday, though no injuries were reported, the U.

IMO Adopts Polar Code Environmental Provisions

United Nations' International Maritime Organization (IMO) has adopted the environmental part of the Polar Code. Hereby, internationally binding regulations on

Two Hurt in Petrobras Platform Accident; Output Halted

Brazil's state-led oil company Petrobras was forced to stop output at its P-56 offshore oil production ship on Wednesday in the Marlim Sul field after an explosion

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Port Authority Ship Repair Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1407 sec (7 req/sec)