Rowan Buys Two Jack-up Rigs from Petrobras
Offshore driller Rowan Companies plc said it has purchased two LeTourneau Super 116E jack-up rigs, the P-59 and P-60, both delivered new into service in 2013, in a public auction from a subsidiary of Petroleo Brasileiro S.A. for $38.5 million per unit. As reported in May 2017, Rowan was the high bidder in a Petrobras public auction with a bid price of $30 million per rig. While the high bid was not accepted by Petrobras, after negotiations, both parties agreed to the revised price. Rowan sad it intends to mobilize the jack-ups to the Middle East from their current location in Brazil in late first quarter 2018. Tom Burke, President and Chief Executive Officer, said, “We consider this purchase an opportunistic investment, made near a cyclical low, at a highly attractive price.
62 Barges Break Free on Ohio River
More than five dozen barges have reportedly broken free due to ice and high water at two separate locations on the Ohio River. So far 59 of the 62 breakaway barges have been recovered, according to the U.S. Coast Guard, who said it is working alongside the U.S. Army Corps of Engineers and industry partners in response to the incidents near Pittsburgh, Pa., and Moundsville, W.Va. By Monday, 34 of the reported 35 breakaway barges from fleeting areas at mile maker 94 near Moundsville have been recovered and secured, while 25 of the 27 breakaway barges from Jack’s Run Fleeting area at mile marker 4 near Pittsburgh have been accounted for, and security video has shown seven of the barges went over Emsworth Lock & Dam.
Unique DP System Thrusts US Offshore Wind Sector
Offshore wind construction in the U.S. Thrustmaster of Texas, a marine propulsion design and manufacturing company in the U.S., is looking to give an edge to U.S. based marine jack-up operators wanting to enter the U.S. offshore wind farm construction and maintenance sector by cutting the cost of entry in half with a unique propulsion system that allows conversion of existing vessels to dynamically positioned work vessels. The United States’ offshore wind market is exploding with opportunity, and current marine construction contracts are being awarded to operators outside the U.S.
Advances in Jack-up Safety
Those commissioning maritime construction projects will soon be able to assure themselves that their jack-up operators are competent and safe. The International Jack-Up Barge Owners Association (IJUBOA) has published its Code of Practice and set up a scheme to recognise the competence of existing barge masters. The code provides a standard against which companies can be audited. It is based on the International Safety Management (ISM) code. Companies who are successfully audited…
DNV GL DSJ500 Jack-up Design for Dalian
DNV GL presented Dalian Shipbuilding Industry Co. Ltd (DSIC) with an Approval in Principle (AiP) certificate for their new DSJ-500 jack-up design for drilling in depths of up to 500 feet. Tor E. Svensen, DNV GL Group Executive Vice President, handed over the certificate to Liu Wenmin, DSIC Deputy Technical Director, at the Marintec China trade fair in Shanghai. “I am very pleased to be able to present this certificate to DSIC, continuing a very productive and longstanding relationship,” said Svensen.
Petrojack Sells Two Rigs
Petrojack ASA has sold two of its jackup rigs under construction at Jurong Shipyard in Singapore, the PetroJack I and PetroJack III at a combined price of $420m to A.P. Møller-Maersk. The sale is constructed as a sale of the shares in the rig owning companies PetroJack I Pte Ltd and PetroJack III Pte Ltd residing in Singapore. The two jack-ups are of Baker Pacific Class 375 design. They will be capable of operating in water depths up to 375 feet in Asia Pacific, the Middle East, the Mediterranean, Latin America, West Africa as well as in the harsh environment of the central and southern parts of the North Sea. The rigs distance themselves from conventional jack-ups in several areas, not least on the drill floor where the highly mechanised equipment leads to increased safety of the crew.
Keppel Delivers Second KFELS N-Class Jack-up to Rowan
Keppel FELS Limited (Keppel FELS) has delivered the KFELS N-Class jack-up rig, the Rowan Stavanger, to Rowan Companies, Inc. (Rowan) (NYSE: RDC) safely, on time and within budget. The second of three KFELS N-Class rigs being built for Rowan, this high-specification jack-up design is a product of Keppel's rich experience in constructing rigs for the North Sea region since 1985. The rig was named the Rowan Stavanger at Keppel FELS by Lady Sponsor, Mrs. Amy Ralls, spouse of Mr. Matt Ralls, President and Chief Executive Officer of Rowan. Rowan President and CEO Matt Ralls, said, "Our acquisition of Skeie Drilling and Production and three…
PPL Shipyard Wins $117.6M Rig Contract
PPL Shipyard, a subsidiary of SembCorp Marine won a $117.6 million contract from Mosbarron Ltd., a subsidiary of Awilco AS of Norway, for the construction of a Baker Pacific Class 375 Jack Up Rig. The contract includes an option for another three units of jack-up with price adjustment for increase in drilling package. The design of the 120-person jack-up rig is a proprietary design of Baker Marine Pte. Ltd, a wholly owned subsidiary of PPL Shipyard. It is designed to operate in 375 ft. of water and in-ground drilling depth of 30,000 ft. Work on the new rig is expected to commence in June 2004 with delivery scheduled in the second quarter of 2006. To-date, PPL Shipyard has built 25 jack-ups and four semi-submersibles.
DNV Launches new Jack-up Rule Book
The new rule book clearly explains the DNV and international regulations and standards. Adaptations from the traditional Offshore Standards include additional class notations and alignment of material and jacking systems requirements based on feedback from industry experts and adapted survey procedures. This dedicated rule book for self-elevating units clearly provides the specific considerations required for Jack-Ups to prevent interpretations that may lead to imposing additional requirements without any safety benefits. These considerations are especially relevant for Jack-ups, taking into account their dual fixed/ floating nature. DNV’s Offshore Class Product Manager, Michiel van der Geest, explains that “We have focused on making a user friendly rule book with clear guidance.
DNV’s new Jack-up Rule Book Hits the Street
A new dedicated rule book for self-elevating units will guide designers and yards to class their designs and newbuilding projects. The rule book clearly explains the DNV and international regulations and standards. Adaptations from the traditional Offshore Standards include additional class notations and alignment of material and jacking systems requirements based on feedback from industry experts and adapted survey procedures. This dedicated rule book for self-elevating units…
New Crane for Offshore Wind Turbine Repair
Huisman said it has developed a new lightweight crane type for the maintenance of offshore wind turbines: the 'Foldable Offshore Crane'. The crane combines unparalleled lifting heights and more than sufficient lifting capacity with a foldable boom resulting in less required deck space and a low own weight of the crane, Huisman said. The selection of this crane for the maintenance of offshore wind turbines will therefore require a smaller, and thus more cost effective, jack-up vessel than currently required.
Sembcorp Wins $121M Rig Deal
Pacific Class 375 Deep Drilling Offshore Jack Up Rig. Offshore ASA in May 2004 and which the later has now decided to exercise. contract takes effect in June 2005. with delivery scheduled in the second quarter of 2007. a wholly owned subsidiary of PPL Shipyard. water. It has accommodation for 120 men. Mr T. up rig with us. will be built is proving to be spot on. short span of one year since the launch of this design in early 2004. performance requirements. added Mr Ong. Mr C. construction of our first jack up unit to be delivered in the second quarter of 2006. our abilities to provide first class drilling equipment to our international clients. track record in the building and servicing of jack-up and semi-submersible rigs.
LeTourneau, Lamprell Contract for Newbuild Jack-up Kit
LeTourneau Technologies, Inc. announced the sale of a second LeTourneau Super 116E Class jack-up rig kit to Lamprell Energy, Ltd., with final delivery expected by the end of 2008. The rig is to be built at Lamprell's Hamriyah facility located in the United Arab Emirates for Scorpion Offshore Ltd. Lamprell is currently building an initial Super 116E Class jack-up at the same location, also for Scorpion Offshore, under a license from LTI. This order is the 18th for the popular LeTourneau Super 116 series of jack-ups. The Super 116E Class is one of five current LTI jack-up rig designs, and an evolution of the LTI's industry workhorse 116-C Class design. The Super 116E provides up to 2,000 kip greater payload than its predecessor.
ChIna Shipyard Wins Two More Seadrill Jack-up Orders
Seadrill Limited has ordered tow high-specification jack up drilling rigs from Dalian Shipbuilding Industry Offshore Co., Ltd. (DSIC Offshore). The newbuild rigs are scheduled for delivery during the second and third quarters of 2016, and the total project price per rig is approximately US$230 million (including project management, capitalized interest, drilling and handling tools, spares and operation preparations), with tail-heavy payment terms. The two new units will be based on the F&G JU2000E design, with water depth capacity of 400ft and drilling depth of 30,000ft. Seadrill now has in total ten jack-ups under construction at DSIC Offshore of which two are scheduled for delivery in 2013, five in 2015 and three in 2016.
Arduous GoM Drill Rig Salvage Accomplished
Inland Salvage successfully delivers salvaged jack-up drill rig which sank last winter in the Gulf of Mexico. In mid-December 2012 a retired jack-up drill rig under tow from Fourchon, LA to be dismantled in Texas began taking on water. Despite being in the crowded waters of the oilfield, the tow captain was able to maneuver the sinking rig into a little used section of the Vermillion Block where the seas finally washed over the main deck and forced the rig to the ocean floor.
Rowan Authorized to Repurchase Common Stock
Rowan Companies, Inc's board of directors has authorized the company to repurchase up to $100 million in shares of its common stock. Repurchases under this program, effective immediately, will be made through the open market or in privately negotiated transactions. These repurchases may be commenced or suspended from time to time without prior notice. Rowan Companies, Inc. is a major provider of international and domestic contract drilling services with a leading position in high-specification jack-up rigs. The Company's fleet of 29 jack-up rigs is located worldwide, including the Middle East, the North Sea, Trinidad, and the Gulf of Mexico.
Dockwise, $42m in Near-term Contracts
Dockwise Ltd. announced eight near-term contracts awarded to its subsidiary, Dockwise Shipping, for the transportation of jack- up drilling rigs, dredging equipment and various other cargoes. Total revenues for the contracts are approx $42m. Dockwise Shipping, in company with industry partners, is to transport the drilling rigs Great Drill Chetna, Seajacks Kraken, Ocean Quest, and Offshore Intrepid to their new assignments in India, Halifax, Brazil and the Arabian Gulf respectively. On behalf of various other clients and turning to more varied cargo, Dockwise Shipping has been contracted to transport a dredging cargo to Japan, accommodation jack-ups to Rotterdam, Derrick and jack-up barges to Angola and Rotterdam as well as patrol boats to Italy.
GustoMSC Debuts Self-propelled Cantilever Jack-up
The NG-5500X-LD is the latest design in GustoMSC’s series of self-propelled jack-up designs, the NG series. Based on the NG-2500X and NG-1800X designs, the NG-5500X-LD is a solution for light drilling and well intervention in a large number of mature fields in the Southern North Sea, Middle East and South East Asia. The conditions of these fields are characterized by water depths of up to 50 to 80 meters pending the region, traditionally the domain of classic drilling jack-ups and tender barges.
Aramco Extends Seadrill Jack-up Deals
Seadrill, a London-headquartered offshore drilling contractor, said that Asia Offshore Drilling (AOD) has received three-year contract extensions for two jack-up rigs from Saudi Aramco. The jack-ups AOD I and AOD II received three year contract extensions from Saudi Aramco expiring in June 2019 and July 2019, respectively. AOD is an associate company of Mermaid Maritime and Mermaid has 3.76 percent equity stake in AOD while the other 66.24 percent equity is owned by Seadrill.
Keppel Offshore and Marine Units Win Contracts
Keppel Corporation Limited, through its offshore and marine units in Keppel Offshore & Marine Ltd (Keppel O&M), has clinched contracts worth a total of $41 million from repeat customers. Three contracts over $28 million are for the upgrades of jack-up rig Ensco 81 and barge drilling unit Ensco 1 from Ensco Offshore Company (ENSCO), and swamp barge Maera from PT Apexindo Pratama Duta, an Indonesian drilling contractor. Another contract is for a new Anchor Handling Tug/Supply (AHTS) vessel for Pacific Richfield Marine Pte Ltd, owner and operator of offshore support vessels in the Asia and Pacific region. Tong Chong Heong, Managing Director and Chief Operating Officer of Keppel O&M said, “Shipyards usually become involved in a job only after the design and engineering work is completed.
Imtech Marine Awarded Second Jack-Up Contract
Imtech Marine (Radio Holland Netherlands) has been awarded an extensive contract from Jack-Up Barge for the communication and IT systems for its newbuild, self-elevating platform JB-118. This follows a similar contract for the JB-117, which Imtech Marine successfully completed earlier this year. Additionally, Jack-Up Barge and Imtech Marine have concluded an Advanced Support Agreement for the vessels, which includes 24/7 remote Monitoring & Maintenance and covers all of the systems onboard.
Newbuild Jack-up Rig Charter Exended
Maersk Drilling receives two-year term extension for newbuild jack-up rig 'XL Enhanced 2'. Det Norske Oljeselskap ASA (Det norske) has on behalf of the partners in the Ivar Aasen project, exercised its contractual right to extend the contract for the newbuild ultra harsh environment jack-up, XL Enhanced 2, by two years. Consequently, the duration of the firm contract is now five years. The estimated value of the two-year contract extension is approximately USD 280 million, bringing the total estimated contract value to approximately USD 700 million. Det norske has options to extend the contract up to a total of seven years. The rig is currently under construction at the Keppel FELS shipyard in Singapore.
Keppel’s Yard Delivers Rig to ENSCO
Keppel’s yard in Brownsville, Texas, AMFELS Inc. has delivered on time and on budget, a KFELS MOD V “B” class ultra premium jack-up drilling unit to a subsidiary of ENSCO International Incorporated. ENSCO 105 is the second MOD V “B” new generation deep-well drilling rig that has been completed. The total cost of construction and outfitting for the ENSCO 105 was in excess of US$100 million (S$175m), of which work performed by AMFELS formed a major portion. The first KFELS MOD V “B” was Chiles Discovery (now renamed ENSCO 104) built and delivered by Keppel FELS in Singapore in March this year, and currently deployed in the Bayu-Undan field in Timor Sea for Phillips Petroleum Company.