Transocean Ltd. (NYSE: RIG) (SIX: RIGN), the world’s largest offshore drilling contractor, announced their monthly fleet update summary today with a significant amount of good news including 3 new contracts and significant positive changes to existing contracts.
In the past month, Transocean reports backlog associated with new contracts or extensions has increased by approximately $2.5 billion and planned 2012 out of service time decreased by a net 19 days.
Highlights include:
Deepwater Nautilus
The Gulf of Mexico-located ultra deepwater semi-submersible was awarded a five-year contract extension by Shell at a dayrate of $525,000 ($958 million contract backlog). The rig’s prior three-year contract dayrate was $551,000.
Sedco 702
Working offshore Nigeria for Shell, this deepwater semisubmersible was awarded a three-year contract extension at a dayrate of $461,000 ($505 million contract backlog). The rig’s prior dayrate was $357,000.
Paul B. Loyd, Jr.
BP exercised an option at a dayrate of $345,000 and signed a follow-on 545-day contract for work in the U.K. sector of the North Sea at a dayrate of $440,000 ($281 million combined contract backlog).
Sedco 704
Awarded a two-year contract for work in the U.K. sector of the North Sea at a dayrate of $355,000 ($259 million contract backlog). The rig’s prior dayrate was $280,000.
Sedco 711
Awarded a two-year contract extension for work in the U.K. sector of the North Sea at a dayrate of $350,000 ($256 million contract backlog). The rig’s prior dayrate was $275,000.
Trident XIV
Awarded a two-year contract for work offshore Angola at a dayrate of $116,000 ($85 million contract backlog). The rig’s prior dayrate was $102,000.
Effective May 31, 2012, the company owns 100 percent of the Dhirubhai Deepwater KG1 and Dhirubhai Deepwater KG2. Previously, the rigs were owned by a joint venture in which the company owned a 50 percent interest.
Transocean also announced the sale of the GSF Adriatic II. The details of the transaction have not been disclosed.
Sign up for gCaptain’s newsletter and never miss an update
Essential maritime and offshore news, insights, and updates delivered daily straight to your inbox
The U.S. military is holding two survivors aboard a Navy ship after rescuing them from a suspected drug vessel in the Caribbean hit by a U.S. strike that killed two others, three sources familiar with the matter told Reuters on Friday.
Governments at the International Maritime Organization decided to postpone for one year the adoption of what would have been the world’s first global carbon pricing system on international shipping at...
A service boat carrying crew members capsized alongside the Scorpio-managed oil/chemical tanker Sea Quest at the outer anchorage of Beira, Mozambique on Thursday, leaving seven people missing and multiple casualties....
Subscribe to gCaptain Daily and stay informed with the latest global maritime and offshore news
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up
Join The Club
