Transocean Announces Contract Extension for Deepwater Nautilus

Friday, March 28, 2008

Transocean announced that the ultra-deepwater semisubmersible Deepwater Nautilus has been awarded a minimum three-year contract extension commencing in December 2008 by a subsidiary of Royal Dutch Shell.
Under the terms of the amendment extending the term of the drilling contract, Shell has the right to elect, by June 30, 2008, to extend the contract by an additional year, to a total of four years. Estimated contract revenues that could be generated over the three-year or four-year (if elected) extension periods are approximately $586 million or $759 million, respectively. Estimated contract revenues represent the maximum amount of revenues that may be earned in the applicable contract period, excluding revenues for mobilization, demobilization and cost escalations.
The Deepwater Nautilus is one of 39 High-Specification Floaters in the Transocean fleet, 18 of which are Ultra-Deepwater Floaters. The rig, which entered service in 2000, is capable of operating in water depths of up to 8,000 feet, or greater if a pre-set mooring system is used.

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

Contracts

MAN GenSets for Chilean Fishing Vessel

MAN Diesel & Turbo received an order for three MAN 6L21/31 gensets to power a wellboat newbuilding for Patagonia Wellboat, the Chilean fish-farming operator. The

Zentech to Perform ZAIMS Work on Brazilian Aircraft Carrier

Zentech’s President Ramesh Maini announced that the company has been awarded a contract to perform an inspection and evaluation of the hull steel for the Naval Aircraft Carrier São Paulo,

LNG Tanker Due in UK Around May 6

Britain's Isle of Grain liquefied natural gas (LNG) import terminal is set to receive the GDF Suez Point Fortin tanker on around May 6, live ship-tracking data on Reuters Eikon shows.

Offshore

Bergen Group Cancels Rig Facilities Sale

The Bergen Group has decided to terminate a sales agreement that would see Semco Maritime acquire its rig service yard facilities at Hanøytangen. The real estate

OTC 2015: ABS Addresses Improved Jackup Safety

Multi-pronged program promotes safe jackup operations.   ABS, a leading provider of maritime and offshore classification services, is investing in research and

Lamprell Delivers Rig to National Drilling Co.

Lamprell announced the construction of the jackup drilling rig, the “Butinah”, and delivery to Abu Dhabi’s National Drilling Company (NDC) safely and within budget.

 
 
Maritime Contracts Maritime Standards Navigation Offshore Oil Port Authority Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction 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: 0.1160 sec (9 req/sec)