Seadrill Orders New Ultra-Deepwater DrillshipSource: www.gulfoilandgas.com 4/11/2011, Location: Europe
Seadrill has exercised an option to build a new ultra-deepwater dual derrick drillship at the Samsung yard in South Korea. Total project price is estimated at US$600 million (includes project management, drilling and handling tools, spares, capitalized interest and operations preparations). The delivery is scheduled for the third quarter 2013.
The new unit is similar to the two drillships Seadrill ordered from Samsung in November 2010 with enhanced water depth capacity, technical capabilities as well as increased accommodation capacity compared to previous generation drillships. The dynamic positioning drillship, will be capable of operations in water depths up to 12,000 feet, and will have a hook load capability of 1,250 tons. This rig is also outfitted with seven ram configuration of the BOP (Blow Out Preventer) stack, especially targeting operations in challenging areas such as the Gulf of Mexico, Brazil and West Africa. Furthermore, the drillship will be equipped with a 165 ton capacity heave compensated crane enhancing the unit's operational flexibility and facilitating lifts on the seabed in water depths up to 3,000 meters.
Seadrill has simultaneously secured an extension of the maturity date for a further option agreement to build its seventh drillship to be delivered from Samsung since 2008. Seadrill has currently no specific plan to exercise this option, but might consider it if the strong underlying trend currently seen in the deep water market continues.
Alf C Thorkildsen, Chief Executive Officer of Seadrill Management AS, says: "The decision to add another ultra-deepwater newbuild to our modern fleet is based on the recent improvement in market outlook for ultra-deepwater units, with significantly more tender activities. The new drillship has an attractive delivery window, a favorable construction price and payment schedule and an equipment specification list that will meet our customers' future needs. We have had excellent experience with the Samsung yard and this design and are confident that the unit will be delivered on time and budget once again."
"The strengthening of Seadrill's equity basis through the recently announced bond conversion creates financial flexibility for growing the company further without raising additional equity. The current long-term dayrates give a healthy return on the investment, with further upside if the market strengthens as a result of the strong trend in the oil price. The project will based on current dayrates and anticipated financing increase Seadrill's dividend capacity going forward. The ordering of the new drillship further confirms Seadrill's commitment to remain a growth company, with the target of reaching US$3 billion in EBITDA in the coming years."
Drilling Instruments >>
Drilling Instruments News in Norway >>
Austria >> 5/26/2016 - Demand for OPEC crude for 2015 remained unchanged from the previous month to stand at 29.7 mb/d, representing a decline of 0.1 mb/d from the level a y...
United Kingdom >> 5/26/2016 - Bibby Offshore has announced a substantial contract win with Apache North Sea Ltd to provide subsea construction, ROV and diving services at the large...
Norway >> 5/24/2016 - Wood Group has been awarded an evergreen master services agreement (MSA) by Statoil to support the life cycles of its offshore and onshore facilities....
Austria >> 5/23/2016 - Open interest volume (OIV) increased in April for select US commodity markets such as agriculture, copper, natural gas, livestock and precious metals,...
United Kingdom >> 5/23/2016 - Subsea 7 S.A. announced the details of the major contract award that was first announced on 20 May 2016 . The contract was awarded by Beatrice Offshor...
Norway >> 5/19/2016 - Aibel AS and Reach Subsea have agreed to enter into a formal cooperation agreement for projects within subsea oil and gas, renewables, ship and rig re...
Calibrators, Electronic, Pneumatic
Dissolved Oxygen meters
Indicators and Recorders
Monitoring & Control
pH and REDOX
Pressure gauges/ Transmitters
Temperature gauges/ Transmitters
Related Articles: Analyzers, Gas Calibration Equipment Calibrators, Electronic, Pneumatic Concentration Conductivity Meters Density Detector, Gas Dissolved Oxygen meters Drilling Instruments Float Switch Gas meters General Indicators and Recorders Leak Locators Level meters Liquid Measurement Load cells Monitoring & Control Mud Control Mud Logging pH and REDOX Pressure gauges/ Transmitters Radiation Detection SCADA Systems Temperature gauges/ Transmitters Thermocouples Thermowells Transducers Transmitters Transmitters, Pressure Viscosity Weather Station
|Norway Oil & Gas 1 >> 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 ||