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 March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

JFD Awarded Australian Navy Commendation

Commendation awarded by the Royal Australian Navy for dedicated work, commitment and support for Exercise Black Carillon 2013   James Fisher Defence (JFD) has

Samsung Heavy Takes Up 7 Container Ship Order

South Korea's Samsung Heavy Industries said on Wednesday that it is proceeding with a project worth 642.9 billion won ($617.67 million) to build seven container ships as planned.

South Stream Gas Pipeline Re-route via Turkey Possible

Turkish Energy Minister Taner Yildiz said on Wednesday that Ankara would consider the passage of the South Stream natural gas pipeline through Turkey if Russia made such a request.

Offshore Energy

Offshore Driller Noble Corp Q1 Earnings Beat Forecasts

Noble Corp., a leading offshore driller, reported first-quarter net income on Wednesday of $0.99 a share, higher than consensus forecasts, as new rigs helped lift revenues.

Keppel Q1 Profits Dip Slightly

The Keppel Corporation released its limited unaudited results for the first quarter ending March31, 2014, reporting a 5% decrease in net profits to S$339 million compared to Q1 2013's S$357 million,

US: $4B in Loan Aid for Renewable Energy

The U.S. Energy Department on Wednesday unveiled a plan for up to $4 billion in loan aid for renewable energy companies to help rejuvenate a program that faced

 
 
Maritime Contracts Maritime Standards Naval Architecture Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair 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: 0.1609 sec (6 req/sec)