Transocean Inc. to Reactivate Semisubmersible Rig C. Kirk Rhein
Transocean Inc. said that Reliance Industries Limited has awarded a two-year contract for the semisubmersible rig C. Kirk Rhein, Jr. for drilling operations offshore India. The contract is expected to commence in December 2006 following the completion of a reactivation program, which has recently begun. The reactivation program does not involve an upgrade of the rig's current capabilities. Revenues that could be generated over the two-year contract period total an estimated $248 million, excluding revenues for mobilization, demobilization and client reimburseables. The C. Kirk Rhein, Jr., which entered active service in 1976 and was upgraded to its current specifications in 1997, has been idle in the U.S. Gulf of Mexico since March 2002.
OIS Wins Semi Reactivation Contract
In early 2005, Transocean Inc selected Mobile, Alabama based Offshore-Inland Marine & Oilfield Services Inc (OIS) to perform the re-activations of semis Falcon 100 and Amirante. Transocean has now designated OIS as the prime contractor for the re-activation of the Semi C. Kirk Rhein. The ongoing topside services provided by OIS include steel fabrication and renewals, piping and tubing replacement, electrical repairs, mechanical component replacement and deck crane repairs. In addition to services provided to Transocean in Mobile, OIS has numerous teams offshore providing service for other Transocean rigs as well as for Noble Corporation, Diamond Offshore Drilling, GlobalSantaFe Corporation, and Cal Dive International.
Transocean Reports Damage to Rig
Transocean Inc. today announced that it has begun the process of deploying personnel to its U.S. Gulf of Mexico-based fleet and damage assessment efforts are underway following Hurricane Katrina. The company noted that it is experiencing some disruption with crew changes stemming from the dislocation caused by the storm. A preliminary inspection of the company's semisubmersible rig Deepwater Nautilus has revealed significant damage to the rig's mooring system and the loss of approximately 3,200 feet of marine riser and a portion of the unit's subsea well control system which remained suspended at the time the unit was evacuated. The rig…
