Transocean Ltd. Provides Fleet Update Summary

Source: www.gulfoilandgas.com 8/21/2014, Location: Africa

Transocean Ltd issued a monthly Fleet Update Summary which includes new contracts, changes to existing contracts, and changes in estimated planned out-of-service time of 15 or more days since July 16, 2014. The total value of new contracts since the July 16, 2014 Fleet Status Report is approximately $78 million.

On July 28, 2014, the newbuild ultra-deepwater drillship, Deepwater Invictus, commenced operations on its three-year contract in the U.S. Gulf of Mexico at a dayrate of $595,000. Additionally, the newbuild ultra-deepwater drillship, Deepwater Asgard, commenced operations on its three-year contract on August 21, 2014 at a dayrate of $600,000.

Other highlights include:
- Jack Bates - Awarded a two-well contract in Australia at a dayrate of $420,000 ($59 million estimated backlog). The rig's prior dayrate was $380,000.

- GSF Celtic Sea - Awarded a one-well contract in Angola at a dayrate of $338,000 ($15 million estimated backlog). The rig's prior dayrate was $328,000.

- Sedco Energy - The remaining contract term (401 days) on GSF Rig 135, operating in the Congo, was transferred to the Sedco Energy. The rig was previously idle.

- GSF Rig 135 - The remaining contract term (198 days) on Sedneth 701, operating in Nigeria, was transferred to GSF Rig 135.

The high-specification jackup, GSF Magellan has been sold. The transaction details have not been disclosed. Estimated 2014 planned out-of-service time increased by a net 28 days. Estimated 2015 planned out-of-service time increased by a net 236 days due primarily to approximately 97 days associated with projects deferred from 2014 and 81 days on the Sedco Energy related to a special periodic survey.


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Related Categories: General  Rig Equipment  Rig Operators  Rigs, Coring & Exploration 

Related Articles: General  Rig Equipment  Rig Operators  Rigs, Coring & Exploration 


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