Transocean Offshore Inc. Announces 30-Month Contract for Discoverer Seven Seas

Tuesday, August 17, 1999
Transocean Offshore Inc. announced one of its operating subsidiaries has been awarded a 30-month contract commitment by PetrĂ³leo Brasilerio S.A. (Petrobras), the state oil company of Brazil, for deepwater, dynamically positioned drillship Discoverer Seven Seas. The contract is expected to commence during August 1999, following the completion of the rig's current drilling assignment in the U.S. Gulf of Mexico and an estimated 40-day mobilization period to Brazil. Revenues expected to be generated over the 30-month contract period are $90 million. In addition, the contract commitment provides for a daily earned bonus opportunity of up to five percent of the base revenue expectation. In its new assignment, Discoverer Seven Seas will be utilized primarily on the Roncador field in the Campos basin offshore Brazil. The rig operated for Petrobras in the Brazilian market as recently as 1996, when it drilled the Roncador discovery well in more than 6,000 ft. of water.
Maritime Reporter August 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Offshore

Exxon: U.S. to Allow Wind Down Ops in Russian Arctic

U.S. oil major Exxon Mobil said on Friday the U.S. Treasury Department granted it a license to wind down operations on a drilling well in the Kara Sea in the Russian Arctic.

Russia: Exxon Still Drilling in its Arctic

ExxonMobil is still drilling in the Russian Arctic, a Russian minister said on Friday, in move that if confirmed will anger Washington after the U.S. administration

MAN-Powered Cargo Vessel Meets Tier III

Classification society awards SCR system emissions certificate. MAN Diesel & Turbo has been awarded a Tier III - compatibility certificate by the DNV- GL classification

Cruise Ship Trends

Steel Cut for Third RCI Quantum-class Cruise Ship

The steel cutting for 'Ovation of the Seas', scheduled to be delivered in the autumn of 2016, took place at the Meyer Werft shipyard in Papenburg, Germany, where 'Quantum of the Seas',

Holland America Line's New Ship is ms Koningsdam

Holland America Line revealed the name of its new 99,500-ton cruise ship slated for delivery in February 2016 will be ms Koningsdam. While the name pays homage

L-3 MSI to Equip Third Quantum Class Ship

L-3 Marine Systems International (L-3 MSI) announced today that it has been awarded a contract to provide a range of navigation, lighting and communication systems

 
 
Offshore Oil Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1160 sec (9 req/sec)