CATEGORIZED | News

Seadrill orders four more new jackups for delivery in 2010

Posted on 11 June 2008

The previous units have all been delivered on time and budget and are in operation.

The two units to be built at PPL Shipyard will be based on the Baker Marine Pacific Class 375 Deep Drilling design. The rated water depth is 375 ft, and drilling depth is 30,000 ft. Deliveries are scheduled for March 2010 and November 2010, and the total contract price for the units is approximately US$430 million. These will be the second and third jackup orders that Seadrill has placed with PPL Shipyard. The first unit, the West Triton, was delivered on time and budget in early January this year and is operating for Apache in Australia.

Additionally, Seadrill has received option agreements for further jackup newbuilds in 2011.

“These newbuild orders are the best way to increase Seadrill’s near-term earnings potential in the offshore drilling market,” said Alf C Thorkildsen, Seadrill CEO. “We are convinced that the market for offshore drilling units in general will remain tight in the years to come.”

Separately, Seadrill has entered into an agreement with Keppel O&M in Singapore to build a new semisubmersible self-erecting tender rig. Total project price for the semi-tender is estimated at US$210 million. The new rig is scheduled for delivery in the first quarter 2011 and will be based on a similar design and specification as the semi-tender currently under construction at Keppel. The new unit is targeted for harsher environment and deepwater drilling operations in combination with floating wellhead platforms such as TLPs and Spars.

Leave a Reply

*

FEATURED MICROSITES


Recent Drilling News

  • 02 September 2014

    FMC vocational technical training recognizes importance of non-technical skills

    The oilfield service business is a people business, and when you deal with human beings, there are no absolutes. In the world of vocational technical training, this means...

  • 28 August 2014

    DNV GL launches interactive Arctic risk map

    DNV GL has developed an interactive Arctic Risk Map to present the risks associated with offshore and maritime activities in the Arctic. The map aims to provide stakeholders...

  • 27 August 2014

    Video: Aviation safety program encourages employees to voluntarily report safety issues

    Since 2009, there have been no passenger fatalities on domestic airlines in the US, Ronny “Ronoo” Monsour, VP of Sales for Check-6, said. Mr Monsour also a pilot for...

  • 27 August 2014

    Vestigo Petroleum plans ‘manufacturing approach’ to marginal fields offshore Malaysia

    Vestigo Petroleum, a wholly owned subsidiary of Malaysian NOC Petronas Carigali, is about to put a tender out for its first rig on a first drilling program offshore...

  • 27 August 2014

    Case study from mining: Image-driven safety campaign removes communication barriers

    In the world of process safety, people, equipment, the environment and reputation are some of industry’s greatest assets, Marlane Kayfes, Senior Technical Writer...

  • Read more news