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.
Foum Draa prospect, image: Serica Energy
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.
By Ari Natter Mar 13, 2026 (Bloomberg) –The Trump administration approved BP Plc’s plan to pump billions of dollars worth of crude from what will be the company’s first virgin field...
Transocean and Valaris have agreed to merge in an all-stock deal valued at about $5.8 billion, creating a $17 billion offshore drilling giant with a 73-rig fleet and an industry-leading $10 billion backlog.
Transocean Ltd. (NYSE: RIG) announced today a significant leadership transition, with current President and Chief Operating Officer Keelan Adamson set to take the helm as President and Chief Executive Officer...
February 18, 2025
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