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 August 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Jet Edge Celebrates 30 Years in Waterjet Industry

Waterjet systems manufacturer Jet Edge, Inc. celebrated its 30th anniversary Sept. 3 with a special open house celebration. Jet Edge’s anniversary event included

TITAN Salvage Receives NAMEPA Award

The North American Marine Environment Protection Association (NAMEPA) announced earlier this month that Houston-based TITAN Salvage, a subsidiary of Crowley Maritime Corp.

MM&P Hopes to Pad Ranks with Brown Water Mariners

New York Harbor Tug Boat Captains and Crews, Staten Island Ferry Workers, Circle Line and Other Tourist Boat Crews Vote on Joining New Union Uniting with the International Organization of Masters,

Offshore

LQT Delivers Accommodation Facility and Helideck in Gulf of Mexico

LQT Industries , a full-service provider of accommodation facilities, design-build construction services, and support services to the oil and gas industry, has

Upcoming Expo 'Offshore Marintec Russia'

ExpoForum Convention and Exhibition Centre in St. Petersburg, October 7-10  will host the International Specialised Offshore Exhibition and Conference 'Offshore

RWE Dea Awarded Two New Concessions in Egypt

In the International Bid Round 2013, RWE Dea has been awarded two new offshore concessions with operatorship by the Egyptian General Petroleum Corporation (EGPC).

 
 
Maritime Careers / Shipboard Positions Navigation Offshore Oil Pod Propulsion Salvage 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: 0.1547 sec (6 req/sec)