R&B Falcon Lands Drilling Contracts for Semisubmersibles

Monday, August 23, 1999
R&B Falcon Inc. has been granted a contract by Petro-Canada, utilizing the fourth-generation semisubmersible Henry Goodrich for the development of the Terra Nova field offshore eastern Canada. The agreement with Petro-Canada provides for a firm two-year period commencing during the first quarter of 2000, following the unit's completion of its current drilling program with BP Amoco in the U.K. The total contract value amounts to an estimated figure of $74 million with Petro-Canada having the option to extend the primary term of the contract for up to an additional three years with rates to be determined based on a market mechanism. Additionally, the company announced that Arcade Drilling AS received a fixed term extension with BP Amoco through late July 2000 for Paul B. Loyd, Jr. BP expects to utilize both Loyd and Goodrich for drilling operations west of Shetland in the U.K., where the units are currently located.
Maritime Reporter August 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Offshore

Nordic American Offshore on Track Says Chairman

Herbjørn Hansson, 
Executive Chairman
 of Nordic American Offshore Ltd., informs shareholders as follows after the company's listing on the New York Stock Exchange

Vroon’s VOS Famous Launched

Vroon’s newbuilding ERRV, VOS Famous, was launched in China yesterday. This 50-m ERRV (emergency response and rescue vessel) is under construction at Nanjing East Star Shipyard.

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

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Navigation Port Authority Salvage Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar
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: 0.1119 sec (9 req/sec)