Offshore Drilling: Transocean Reports Huge Contracts Backlog

Press Release
Tuesday, September 18, 2012
Development Driller lll: Photo credit Transocean

Transocean Ltd. issues fleet update summary, new & changed contracts, OofS times, etc.

Total backlog associated with new contracts or extensions since the August 15, 2012 fleet update summary is approximately $1.7 billion.

Estimated out of service time for 2012 increased by a net 36 days, primarily due to unexpected repairs on a Harsh Environment semisubmersible. The increase in 2013 estimated out of service time of a net 151 days includes 86 days (57 percent) related to the acceleration of shipyards from 2014 and 45 days (30 percent) associated with the preparation of rigs for new or potential contracts.

The ultra-deepwater newbuild drillship, Deepwater Invictus, was awarded a three-year contract at a dayrate of $595,000 ($652 million contract backlog) and is expected to commence operations in the second quarter of 2014 upon delivery from the shipyard and customer acceptance. This vessel is currently under construction at the DSME shipyard in Korea and will be capable of operating in water depths up to 12,000 feet and drilling wells up to 40,000 feet deep. The newbuild will include a second blow-out preventer system requested by the customer for which the company will be compensated. The rig is one of two ultra-deepwater newbuild drillships acquired in the October 2011 Aker Drilling ASA transaction.

Transocean is a leading international provider of offshore contract drilling services for oil and gas wells. The company specializes in technically demanding sectors of the global offshore drilling business with a particular focus on deepwater and harsh environment drilling services, and believes that it operates one of the most versatile offshore drilling fleets in the world.


Maritime Today

The Maritime Industry's original and most viewed E-News Service

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

People & Company News

Henriksen Unveils Strongest SOLAS Boat Lifting Hook

H Henriksen of Norway has received SOLAS certification for a new off-load single-point boat lifting hook capable of holding up to 22.5-tonnes. The quick release

S&P Raises Steamship Mutual outlook to Positive

Poor’s has revised its outlook on Steamship Mutual to Positive from Stable. The A- financial strength rating has been reaffirmed. In their announcement Standard

SSA Welcomes Decision To Extend BEO

The Singapore Shipping Association (SSA) has welcomed the decision by Singapore’s Minister for Trade and Industry to extend the Competition (Block Exemption


Raytheon Anschütz Succeeds in SYNTACS SAT

Raytheon Anschütz, a leading integrator of naval integrated bridge systems, has successfully completed the Sea Acceptance Test (SAT) for the Synapsis Tactical Command

Wärtsilä's' Digital Services for Performance Enhancement

Wärtsilä, a global leader in complete lifecycle solutions for the marine and energy markets, launches a new service portfolio, Wärtsilä Genius services to help

Ship Conversion: Offshore Survey Vessel to Become a Flotel

Dutch shipowner C-Bed has contracted Wärtsilä Ship Design to supply the design for rebuilding its Seismic Survey Vessel, the Viking II, for use as a hotel vessel

Maritime Contracts Maritime Security Maritime Standards Navigation Pod Propulsion Salvage Ship Electronics Ship Repair Ship Simulators Sonar
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: 0.0786 sec (13 req/sec)