CATEGORIZED | News, The Offshore Frontier

Transocean newbuild drillships win decade-long contracts from Shell

Posted on 02 October 2012

Shell has awarded Transocean with 10-year contracts for four newbuild dynamically positioned ultra-deepwater drillships, with shipyard delivery for the first drillship beginning in mid-2015. The remaining three drillships are expected to be delivered from the shipyard at approximately six-month intervals thereafter. Contracts are expected to commence in 2015 and 2016, adding a total of 40 years of rig work to Transocean’s revenue backlog.

All four drillships have advanced capabilities: Each is designed to operate in water depths of up to 12,000 ft and drill wells to 40,000 ft, have dual-activity drilling technology, variable deckload capacity of 23,000 metric tons and enhanced well completion capabilities. In addition, each newbuild rig will be outfitted with two 15,000-psi blowout preventers. The four newbuild drillships will be able to accommodate a future upgrade to a 20,000-psi BOP when it becomes available. The rigs will also feature diesel engines configured to comply with anticipated Tier III IMO emissions standards.

The newbuild rigs will be constructed at the Daewoo Shipbuilding and Marine Engineering facility at Okpo, South Korea, where Transocean’s five Enhanced Enterprise-Class rigs were built and where the company currently has two other ultra-deepwater drillships under construction. Construction on the first drillship is expected to commence during Q4 2013.

“We look forward to providing Shell with incremental value through the addition of these seventh-generation, ultra-deepwater drillships,” Transocean president and CEO, Steve Newman said.

Peter Sharpe, Shell executive VP wells, said, “Shell continues to develop its deepwater operations and modernize its contracted rig fleet at fair market rates. These state-of-the-art deepwater rigs, on which we are collaborating with Transocean to design, will comply with the highest industry standards for safety, operations and environmental protection for drilling deepwater wells.”

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