Transocean nets $953m of contracts

OE Staff
Friday, May 16, 2014

Drilling rig giant Transocean says it has picked up new contracts worth about US$953 million since 17 April.

Giving its fleet update report, the firm said other highlights include:

Dhirubhai Deepwater KG1 drillship - Awarded a three year contract offshore Brazil at a dayrate of $440,000 ($482 million estimated backlog). The rig's prior dayrate was $510,000.

Paul B. Loyd, Jr. semisubmersible - Awarded a two year contract extension in the UK North Sea at a dayrate of $430,000 ($314 million estimated backlog). The rig's prior dayrate was $447,000.

GSF Development Driller II semisubmersible - Awarded a three-well contract in the Black Sea offshore Romania at a dayrate of $360,000 ($97 million estimated backlog). The rig's prior dayrate was $606,000.

GSF Constellation II jackup - Customer exercised a one year option offshore Gabon at a dayrate of $165,000 ($60 million estimated backlog). The rig's prior dayrate was $165,000.

Sedco 706 semisubmersible - The remaining backlog from the Sedco 710 contract in Brazil has been transferred to the Sedco 706.

Estimated 2014 planned out-of-service time increased by a net 485 days, including 354 days primarily associated with contract preparation and mobilization on the Dhirubhai Deepwater KG1, GSF Development Driller II and Polar Pioneer; and 121 days related to the shipyard acceleration into 2014 from 2015 on the GSF C.R. Luigs.  

Estimated 2015 planned out-of-service time decreased by a net 84 days. These estimates are subject to change due to a variety of factors, including changes in the company's business plans and customers' requirements.

Categories: Drilling North Sea Europe South America Rigs Africa Jackup

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