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 Petróleo 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 Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter May 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Offshore

DONG Energy Listing to Value Group at up to $16 Bln

DONG Energy's has set a potential $16 billion price tag on its stock market debut, giving investors a chance to buy into the growth in offshore wind power, but

Østensjø Rederi Orders Another Wind Farm Vessel

Rolls-Royce has signed a contract with shipyard Astilleros Gondan in Spain to design and equip a second Service Operation Vessel for ship owner Østensjø Rederi.

Prosafe Appoints Interim Chairman of the Board

Prosafe, owner and operator of semi-submersible accommodation vessels, informs that its Chairman, Harald Espedal, has notified the company that he will step down

Cruise Ship Trends

Royal Caribbean Orders 3 Ships from STX

Following the delivery of Harmony of the Seas on May 12 in Saint-Nazaire, the American group Royal Caribbean Cruises Ltd. signed an order for three additional vessels,

FAL Engages Inland Marine Service for Marine Operations

French America Line, the newest U.S. cruise line that begins sailing five- to 10-day cruise itineraries aboard its intimate 75-stateroom flagship Louisiane in August,

Mumbai Port to Revamp Int'l Cruise Terminal

Indian Merchants’ Chamber provides a platform to urban developers to address various issues pertaining to the restructuring of Mumbai City Mumbai, May 23, 2016:

 
 
Maritime Careers / Shipboard Positions Maritime Standards Naval Architecture Navigation Pipelines Port Authority Salvage Ship Simulators Shipbuilding / Vessel Construction Sonar
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: 0.0671 sec (15 req/sec)