CATEGORIZED | News, The Offshore Frontier

Seadrill places new order for two jackups

Posted on 31 July 2013

Seadrill has entered into new contracts for the construction of two high-specification jackup drilling rigs at Dalian Shipbuilding Industry Offshore (DSIC Offshore) in China.  The newbuild rigs are scheduled for delivery during the Q2 and Q3 of 2016, and the total project price per rig is approximately US$230 million including project management, capitalized interest, drilling and handling tools, spares and operation preparations.

The two new units will be based on the F&G JU2000E design with water depth capacity of 400 ft and drilling depth of 30,000 ft. Seadrill now has in total 10 jackups under construction at DSIC Offshore of which two are scheduled for delivery in 2013, five in 2015 and three in 2016.

The company’s construction program now totals 24 units, including 9 drillships, 2 harsh environment semi-submersibles, and 13 high specification jack-ups.

“Seadrill has focused its’ newbuild activity on the high end of all asset classes since the company’s inception in 2005. High specification units have historically commanded the highest dayrates and utilization rates and we fully expect this trend to continue. The market for high specification jackup units is poised for a significant uplift in dayrates and we continue to invest in order to put Seadrill’s shareholders in a prime position to benefit,” Per Wullf, CEO of Seadrill said.

Leave a Reply

*

FEATURED MICROSITES


Recent Drilling News

  • 16 April 2014

    Maersk Drilling takes delivery of ultra-deepwater drillship

    Maersk Drilling has taken the delivery of its second drillship, Maersk Valiant from the Samsung Heavy Industries (SHI) shipyard in Geoje-Si, South-Korea. Maersk Valiant has begun its voyage toward the...

  • 16 April 2014

    Ensco orders new jackups from Lamprell

    Ensco has ordered two high-specification jackups, ENSCO 140 and ENSCO 141, for delivery in mid-2016 from Lamprell’s shipyard in the United Arab Emirates. The rigs will also...

  • 16 April 2014

    MPD/UBD successfully drills sidetrack after 6 failed conventional drilling attempts

    In the Brookeland Field in East Texas, conventional drilling methods failed in six attempts to drill a “straightforward” horizontal wellbore. The original well had surface casing installed...

  • 16 April 2014

    Chevron’s DGD training program serves array of learners across generations

    Since 2008, more than 400 people – from operators, drilling contractors, service companies and regulators – have completed Chevron’s dual-gradient drilling (DGD) training...

  • 16 April 2014

    Pacific Drilling integrates ‘disruptive’ DGD technology into 7th-generation drillship

    A disruptive technology is one that “gets its start away from the mainstream of a market and, then, as its functionality improves over time, invades the main market,” as defined by Harvard...

  • Read more news