Pride International Dedicates Drillship

Friday, August 27, 2010

Pride International, Inc. (NYSE: PDE) announced the dedication of the second of its four new deepwater drillships under construction by Samsung Heavy Industries in South Korea, the Deep Ocean Clarion. The company is expected to take delivery of the rig in September 2010, followed by the mobilization of the rig to the U.S. Gulf of Mexico where it is expected to commence operations in the first quarter of 2011 under a five year contract with BP.

In a shipyard ceremony, Louis A. Raspino, President and Chief Executive Officer of Pride International, Inc., commented, "The addition of the Deep Ocean Clarion to our fleet further strengthens Pride's presence in the deepwater. These drillships represent the best, most technologically advanced generation of rigs. The Deep Ocean Clarion, built by Samsung with an outstanding safety record, will be strategic to our client's worldwide drilling needs."

All of Pride's new drillships have a significant complement of high specification equipment. The Clarion, fully capable of dual drilling activity, has the ability to drill in water depths of up to 12,000 feet, and has a 165 ton advanced heave compensated crane, advanced dynamic positioning systems, a 6,000-barrel active fluid storage and handling system, and significant storage and deck space.

The Clarion and its three sister ships in the new build construction program are key to Pride's commitment to expand its presence in the deepwater sector. Pride's revenues from its floating rigs are expected to grow to more than 90% when these units are delivered and operating.

The next drillship to be delivered in the four-rig construction program is the Deep Ocean Mendocino, with an expected first quarter 2011 delivery, followed by the Deep Ocean Molokai in the fourth quarter of 2011.

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

Offshore

Italian Navy Takes Back Fishing Boat Seized Near Libya

The Italian navy took back control on Friday of a Sicilian fishing boat that had been seized overnight by unknown assailants near the Libyan coast, the defence ministry said.

Steelhead Introduces a New Yacht Crane

Steelhead Marine, a North American crane manufacturer, has expanded its product offering with the launch of the new E Series 1000 crane. Suited for commercial and recreational vessels,

SEACOR Marine Sweeps NOIA SIS Awards

The National Ocean Industries Association (NOIA) today presented SEACOR Marine with the 2015 NOIA Safety in Seas (SIS) Culture of Safety Award and Safety Practice Award.

Vessels

Solving the LNG Propulsion Puzzle

The last piece of the LNG infrastructure puzzle, in the form of North America’s first LNG bunker barge, falls into place at Conrad’s Orange, Texas Shipyard. With

Hands Across the Water

U.S. firms leverage Netherlands-based Damen Shipyard’s vessel designs and technical support. For nearly 40 years, Damen Shipyards Group in the Netherlands has

Royal IHC Launches Sister Pipelay Vessels

Netherlands-based Royal IHC today named and launched new pipelaying sister vessels, Sapura Jade and Sapura Ônix, in ceremonies at the company’s shipyard in Krimpen aan den IJssel, The Netherlands.

 
 
Maritime Careers / Shipboard Positions Maritime Security Naval Architecture Navigation Offshore Oil Pod Propulsion Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction
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: 0.1070 sec (9 req/sec)