Transocean's Latest Fleet Update

Press Release
Thursday, February 14, 2013

The company's update includes new contracts, significant changes to contracts, & changes to estimated times out of service.

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.

The value of new contracts or extensions since the January 17, 2013 fleet status report is approximately $530 million.

Estimated 2013 out of service time increased by a net 136 days, including 90 days associated with rig maintenance on the Cajun Express and 75 days due to shipyard acceleration into 2013 from 2014 on the GSF Galaxy I.

Highlights are as follows:

  • Sedco 712 - Awarded a three-year contract for work in the U.K. sector of the North Sea at a dayrate of $380,000 ($416 million contract backlog).
  • Sedneth 701 - Customer exercised a one-year un-priced option for work offshore Nigeria at a dayrate of $311,000 ($114 million contract backlog).   
  • GSF Explorer is currently idle.

A preliminary review of anticipated projects scheduled to commence in 2014 indicates approximately 2,131 days of scheduled out of service time for Transocean's fleet comprising approximately 1,534 days for High-Specification Floaters, 440 days for Midwater Floaters, and 157 days for High-Specification Jackups.  The sequential increase in out of service days for the High Specification Floaters reflects, primarily, scheduled shipyards in conjunction with required maintenance and periodic surveys.  An updated and more detailed view of out of service time by rig will be provided in the July  fleet status report.



 

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

Contracts

UK North Sea Workers Give "Overwhelming" Support for Strike

Trade unions Unite and GMB said members working offshore in Britain's North Sea oil and gas industry had shown overwhelming support for industrial action in a consultative

Two ASD Tugs Delivered to URAG

URAG has taken delivery of two ASD 2411 Tugs to add to its existing fleet. Named Brake and Perfect, the new vessels have joined their sister ship Prompt in the

New Workwear Lifejacket Introduced

Ocean Safety has introduced a new range of workwear lifejackets.   The new Kru Workwear range completes Ocean Safety’s lifejacket offering, providing a wide choice

Offshore

Nations Convene for Arctic Maritime Discussion

Citing an increasing need to ensure safety, security and stewardship of Arctic waters, member countries of the Arctic Council gathered at U.S. Coast Guard Headquarters

Advanced Drillships a Burden for Owners as Business Slows

Not so long ago, advanced drillships costing more than half a billion dollars each and capable of operating in ever-deeper waters practically guaranteed big profits for oil-rig operators.

Russia May Allow More Firms to Offshore Oil

Russia may allow more oil companies to access its offshore projects, Energy Minister Alexander Novak said on Friday.   "In general, the access can be extended," Novak told reporters in Moscow.

Offshore Energy

Nations Convene for Arctic Maritime Discussion

Citing an increasing need to ensure safety, security and stewardship of Arctic waters, member countries of the Arctic Council gathered at U.S. Coast Guard Headquarters

Advanced Drillships a Burden for Owners as Business Slows

Not so long ago, advanced drillships costing more than half a billion dollars each and capable of operating in ever-deeper waters practically guaranteed big profits for oil-rig operators.

Russia May Allow More Firms to Offshore Oil

Russia may allow more oil companies to access its offshore projects, Energy Minister Alexander Novak said on Friday.   "In general, the access can be extended," Novak told reporters in Moscow.

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Naval Architecture Pipelines Pod Propulsion Port Authority Salvage Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1324 sec (8 req/sec)