CATEGORIZED | News

BP extends Deepwater Horizon contract

Posted on 08 October 2009

 Transocean’s ultra-deepwater semisubmersible Deepwater Horizon has been awarded a three-year contract extension by BP for operations in the US Gulf of Mexico commencing in September 2010. Estimated contracted revenues related to the three-year contract extension are approximately $544 million.

The Deepwater Horizon is one of 41 high-specification floaters in the Transocean fleet, 20 of which are ultra-deepwater drillships and semisubmersible rigs. Capable of operating in water depths up to 10,000 ft, the Deepwater Horizon entered service in 2001 and recently set the world record for the deepest oil and gas well at 35,050 ft total vertical depth, drilled for BP.


The Deepwater Horizon recently set a world record for deepest well at 35,050 ft.

Leave a Reply

*

FEATURED MICROSITES


Recent Drilling News

  • 17 December 2014

    Saudi Aramco: Four factors for a sustainable drilling business

    Despite the modest growth in demand and drop in oil prices today, the long-term outlook for industry is healthy. “Our industry will need to add around 40 million bbl per day for new capacity...

  • 16 December 2014

    Ensco development program produces driller in 3 years

    Ensco’s Accelerated Development Program (ADP) takes a “green” individual and, within a three-year period, trains them to become a driller. In response to personnel shortages in various areas, including drilling...

  • 16 December 2014

    Saudi Aramco: ‘Industry cannot afford to lose talent when the economy is down’

    Industry is facing a human resources challenge in two areas: the ageing workforce and the shortage of skills, Mohammed Al Sellemi...

  • 16 December 2014

    Nanotechnology has potential to improve tool performance in extreme environments

    In terms of temperature stability and corrosion, tools have limitations, especially in extremely challenging drilling environments. Jothibasu Ramasamy...

  • 16 December 2014

    Colville: WCI provides forum to evaluate practical, economical advances in well control practices

    Major players throughout industry are joining forces under the Well Control Institute (WCI). The mandate of WCI is “to provide the definitive forum...

  • Read more news