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

  • 22 October 2014

    Shell discovers gas in pre-salt reservoir offshore Gabon

    Shell announced a frontier exploration discovery offshore Gabon, West Africa. The well Leopard-1 encountered a substantial gas column with around 200 m net gas pay…

  • 22 October 2014

    Statoil proves new oil resources near Grane field in North Sea

    Well 25/8-18 S, drilled by the rig Transocean Leader, proved an oil column of 25 m in the Heimdal Formation. The estimated volume of the discovery…

  • 21 October 2014

    IADC Cybersecurity Task Group to provide industry guidance to assess risks

    The oil and gas industry is not immune to cybersecurity threats, from computer viruses and malware to targeted attacks. The IADC Advanced Rig Technology (ART) Committee…

  • 21 October 2014

    Check-6 launches RIGOR digital checklist and compliance system

    Check-6 has launched RIGOR, a checklist-based mobile app to help simplify complex procedures and mitigate human error on the rig. Taking lessons from the aviation industry…

  • 21 October 2014

    Video: Next IADC Land Contract update to start in 2016

    The latest version of the IADC Land Contract was released in November 2013. Various incidents, including Macondo, delayed the release. “It’s an industry contract…

  • Read more news