Transocean Latest Rig Fleet Update

MarineLink.com
Thursday, July 18, 2013

The total value of new contracts since Transocean's June 13, 2013 fleet update summary is approximately $180 million.

Estimated 2013 out-of-service time increased by a net 76 days primarily due to work to be performed on the Sedco 704.  Forecasted out-of-service time for 2014 is also provided on a rig by rig basis.  Relative to preliminary guidance provided in February, out-of-service time for 2014 decreased by a net 381 days due to refinements in the timing and scope of projects, including the previously disclosed acceleration of the Deepwater Millennium shipyard project which is expected to commence later in the third quarter of 2013.

Other highlights are as follows:

  • Deepwater Frontier - Contract modified to be well-based with an associated extension into the fourth quarter of 2014.  Effective March 1, 2013 the contract dayrate increased to $534,000 from $475,000.  The rate will increase to $565,000 effective March 1, 2014 (incremental backlog of approximately $152 million).
  • Transocean Rather - Awarded a one-well contract extension for work offshore Angola at a dayrate of $400,000 ($28 million estimated backlog).
  • The C.K. Rhein, Sedco 703, and Sedco 709 are currently held for sale. The floaters were previously stacked.
  • GSF Arctic I is currently stacked.
     

www.deepwater.com

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

Contracts

LNG Vessel with Wartsila Integrated Solutions Delivered to Evergas

The first in a series of 27,500 cbm 'Dragon' class vessels ordered by Evergas, a world renowned owner and operator of seaborne petrochemical and liquid gas transport vessels,

Executive Changes at Transocean

Transocean Ltd. today announced that, as mutually agreed with the company, Esa Ikaheimonen is stepping down as Executive Vice President and Chief Financial Officer effective immediately.

BMT, Endeavour Energy Win Africa’s LNG Import Terminal Contract

BMT Asia Pacific (BMT), a subsidiary of BMT Group Ltd, has been appointed Owners Engineer and lead design consultant by Endeavour Energy for the development

Offshore Energy

Fugro Extends Contract with McDermott

Fugro has been awarded a three-year extension to its existing contracts with McDermott Middle East, Inc. The contract covers the provision of survey, positioning,

First Damen Twin Axe for Offshore O&G

To develop its large fleet, Groen Offshore, Guard & Support has selected the first Damen Twin Axe Fast Crew Supplier 2610 to be customised with Offshore Oil & Gas standby capabilities.

Hoegh LNG Bags FSRU Deal in Chile

Oslo-based Höegh LNG said it has signed an Floating Storage and Regasification Unit (FSRU)contract with Chilean Octopus LNG for the Penco-Lirquén LNG import terminal to be located in Concepción Bay,

 
 
Maritime Standards Navigation Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Ship Electronics 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: 0.1245 sec (8 req/sec)