Frigstad Deepwater orders two ultra-deepwater semisubmersibles

Posted on 11 January 2013

web_Frigstad-D90-(Press)

Frigstad Deepwater has ordered two ultra-deepwater semisubmersibles from CIMC Raffles in Yantai, China. The units are scheduled for delivery at the end of Q4 2015 and Q2 2016.

Subsidiaries of Frigstad Deepwater have entered into turnkey construction contracts for the delivery of two ultra-deepwater semisubmersibles from CIMC Raffles in Yantai, China, with options for another four units.

The seventh-generation drilling units are of the Frigstad D90 design, developed by Frigstad Engineering and tailor made for safe and efficient exploration and development drilling in ultradeepwaters. The rigs will be capable of operating in water depths up to 12,000 ft and drilling to a TD of 50,000 ft. The units will be outfitted with a DP3 dynamic positioning system, full dual-activity hydraulic drilling package with two 1,400 ST hoisting capacity and two seven-ram BOPs.

The units are scheduled for delivery at the end of Q4 2015 and Q2 2016, and the total project cost is approximately US $1.3 billion, exclusive of financing cost. The construction, marketing and operation of the rigs will be managed by Frigstad Offshore.

“With these newbuild orders, we continue to build a solid foundation for further growth and to develop the company into a leading operator of ultra-deepwater drilling units at the very top end of this highly attractive market segment,” Simen Skaare Eriksen, CEO of Frigstad Offshore and director of the Frigstad Deepwater subsidiaries, said. “These rigs represent yet another significant step forward in terms of equipment specifications, operational efficiency, flexibility and reliability, and we will be well positioned to take advantage of a strengthening ultra-deepwater market.”

Frigstad D90 is a trademarked term.

Leave a Reply

*

FEATURED MICROSITES


Recent Drilling News

  • 30 July 2014

    Fugro’s DeepData pod provides data for deepwater riser monitoring

    Fugro has delivered a motion dataset from the BOP stack and lower riser of two deepwater wells in the Barents Sea using its DeepData pods. The DeepData pods...

  • 28 July 2014

    SDI completes 500th MagTraC MWD Ranging project

    Scientific Drilling International (SDI) has completed the 500th MagTraC MWD Ranging project. MagTraC was introduced in 1998 to target challenging applications...

  • 28 July 2014

    Modular offshore rig design reduces deployment costs

    William Jacob Management (WJM) has introduced an offshore rig design that reduces deployment costs and improves speed-to-market for upstream operations. The 3,000-hp...

  • 23 July 2014

    Halliburton promotes Jeff Miller to President

    Halliburton has promoted Jeff Miller to President and has appointed him to the Halliburton Board of Directors effective 1 August 2014. Mr Miller is currently the...

  • 23 July 2014

    Statoil resumes production on Njord A platform

    Statoil has resumed oil and gas production on the Njord A platform in the Norwegian Sea, after a major reinforcement of the platform structure. Production had been shut down...

  • Read more news