Since May 2010, Transocean’s Cajun Express has been drilling offshore Brazil for Petrobras at a healthy day-rate of $517k per day.
UK-based energy firm Cairn Energy, announced this morning they have secured a “long term contract” for the Cajun Express after its existing contract with Petrobras expires this June.
We spoke with a Cairn spokesperson this morning, however they were unable however, to give us details on how long this contract would last, or at what rate. The rig will be initially used on the Foum Draa prospect off Morocco.
The Cajun Express, is a deep-water, 5th Generation, dynamically positioned, semi-submersible drilling rig and has a very distinctive “Tri-activity” derrick. This off-center derrick provides a huge amount of open deck space, and allows the Cajun Express to run double stands of riser, triple stands of 41′ casing, or quad stands of drill pipe, all with very little human intervention while reducing running times drastically.