Development Driller III

[escveritas]

05 Dec 2009

Keppel to deliver third ENSCO 8500 Series® ultra deepwater semisubmersible on time and within budget

Keppel FELS Limited (Keppel FELS) is on track to deliver ENSCO 8502, the third of seven ENSCO 8500 Series® semisubmersible drilling rigs it has been contracted to build exclusively for Ensco International Incorporated (NYSE: ESV).

Today, the rig was named at Keppel FELS by Lady Sponsor, Mrs Cambria Reinsborough, wife of Mr Brian Reinsborough, President of Nexen Petroleum USA Inc, in the presence of Guest of Honour, Mr Heng Chee How, Singapore’s Minister of State, Prime Minister’s Office.

Following her scheduled delivery, mobilisation and final outfitting, ENSCO 8502 will commence operations in the US Gulf of Mexico under a two-year contract with Nexen Petroleum U.S.A. Inc. during the second quarter of 2010.

Mr Daniel Rabun, Chairman, President & CEO of Ensco, said, “We are very pleased with Keppel FELS’s construction of the ENSCO 8500 Series® ultra-deepwater rigs.

“We have already invested more than half of the US$3 billion committed to the ENSCO 8500 Series® newbuild programme, and we are well on our way toward having the world’s largest fleet of ultra-deepwater semisubmersibles capable of drilling in water depths of 7,500 feet or deeper.

“When ENSCO 8502 is delivered early next year, we will have four ultra-deepwater semisubmersibles in our active fleet to complement our premium jackups around the globe.”

Mr Tong Chong Heong, CEO of Keppel FELS, said, “The Keppel and Ensco win-win partnership has flourished with solid trust and teamwork developed over two decades of collaboration.

“As a result of our accumulated experience and in-depth understanding of the ENSCO 8500 Series®, we have managed to improve construction lead time by 1.1 million manhours for ENSCO 8502, as compared to the first rig in this Series. This represents a 15% boost in efficiency.

“For the next four ENSCO 8500 Series® rigs, we are confident of timely deliveries as we support Ensco in launching a state-of-the-art fleet of quality, high performance ultra deepwater rigs.”

Keppel Offshore & Marine Group, through its global network of yards delivering on its ‘Near Market, Near Customer’ strategy, constructed ten of Ensco’s world-class jackups, which form a substantial part of the rig owner’s premium fleet of 42-jackups.

When the ENSCO 8500 Series® is completed, Keppel-built rigs will make up 30% of the leading driller’s premium fleet. Construction of the next four rigs remains on schedule with expected deliveries extending from the fourth quarter of 2010 into 2012.


About ENSCO 8500 Series®

The proprietary ENSCO 8500 Series® design is capable of drilling in up to 8,500 feet of water, and can be upgraded to 10,000 feet water-depth capability if required. The design includes a 35,000' nominal rated drilling depth, 2 million pounds of hoisting capacity, 8,000 tons of variable deck load and an open layout well suited for subsea completion activities. Improved visibility from the open deck configuration also enhances safety. With these features, the ENSCO 8500 Series® rigs will be especially well-suited for deepwater development drilling.

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STEINHAUSEN, Switzerland, Oct. 13, 2022 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) today issued a quarterly Fleet Status Report that provides the current status of, and contract information for, the company’s fleet of offshore drilling rigs.



This quarter’s report includes the following updates:

• Deepwater Conqueror – Awarded a two-year contract in the U.S. Gulf of Mexico at $440,000 per day.

• Deepwater Asgard – Awarded a one-well contract in the U.S. Gulf of Mexico at $395,000 per day plus a one-well option.

• Deepwater Asgard – Awarded a one-year contract in the U.S. Gulf of Mexico at $440,000 per day.

• Petrobras 10000 – Awarded a 5.8-year contract in Brazil at $399,000 per day escalating annually to $462,000 per day.

• Development Driller III – Awarded a one-well contract in Suriname at $345,000 per day plus two one-well options.

• Transocean Norge – Awarded a 17-well contract in Norway at dayrates between $350,000 and $430,000.

• Dhirubhai Deepwater KG1 – Customer exercised a one-well option in India at $330,000 per day.

• Paul B Loyd Jr – Customer exercised two 100-day options in the U.K. at $175,000 per day.

• Transocean Spitsbergen – Customer exercised a one-well option in Norway at $316,000 per day.

The aggregate incremental backlog associated with these fixtures is approximately $1.6 billion. As of October 13, the company’s total backlog is approximately $7.3 billion.

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Transocean Ltd. Announces Contract Awards and Extensions Totaling $488 Million
January 4, 2023

STEINHAUSEN, Switzerland, Jan. 04, 2023 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) today announced contract awards or extensions for five of its drilling rigs. Together, the fixtures represent approximately $488 million of firm backlog.

Deepwater Invictus, an ultra-deepwater drillship, was awarded a new three-well contract with an estimated 100-day duration in the U.S. Gulf of Mexico with an independent operator. The contract contributes an estimated $43 million in backlog and is expected to commence in direct continuation of the rig’s current program.

Transocean Barents, a harsh environment semi-submersible, was awarded a new one-well contract with an estimated 110-day duration in the U.K. North Sea with a major operator. The contract contributes an estimated $34 million in backlog and is expected to commence in the first quarter of 2023.

Additionally, Harbour Energy exercised the third option on its U.K. North Sea contract with Paul B. Loyd, Jr., a harsh environment semi-submersible, for eight P&A wells, adding an estimated $48 million in backlog. The additional term is expected to last 275 days and extends the contract to the third quarter of 2024.

In Norway, certain previously disclosed options under the Transocean Norge contract with Wintershall DEA and OMV have now been added to backlog. The incremental term is expected to last 773 days and contribute an estimated $331 million to backlog.

Finally, TotalEnergies exercised a one-well option on its contract with Development Driller III, an ultra-deepwater semi-submersible, working in Suriname. The incremental well is expected to last 90 days and contribute an estimated $32 million in backlog.

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Transocean Ltd. Provides Quarterly Fleet Status Report
February 9, 2023

STEINHAUSEN, Switzerland, Feb. 09, 2023 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) today issued a quarterly Fleet Status Report that provides the current status of, and contract information for, the company’s fleet of offshore drilling rigs.

Development Driller III – Customer exercised a one-well option in Suriname at $360,000 per day.