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Transocean provides quarterly fleet status report

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Oilfield Technology,

Transocean Ltd. yesterday issued a quarterly fleet status report that provides the current status of, and contract information for, the company's fleet of offshore drilling rigs.

Since the previous report, the company has added approximately US$405 million in contract backlog. As of yesterday, the company's backlog is US$11.7 billion, which includes dayrate reductions on four of the company's newbuild drillships related to cost de-escalations attributable to down-manning.

The ultra-deepwater semisubmersible Development Driller III was awarded a 180-day contract offshore Equatorial Guinea. Following maintenance, reactivation and a contract preparation period, the floater is expected to commence operations in 1Q19.

This report also includes the following new contracts:

  • Deepwater Asgard - Customer exercised a one-well option;
  • GSF Development Driller I - Awarded an 11-well contract plus four one-well options offshore Australia;
  • Deepwater Nautilus - Customer exercised two one-well options offshore Malaysia;
  • Transocean Spitsbergen - Awarded a three-well contract plus six one-well options offshore Norway. In addition, customer exercised two one-well options;
  • Transocean Barents - Awarded a six-month contract extension plus an option offshore Eastern Canada;
  • Transocean Leader - Awarded a one-well contract in the UK North Sea;
  • Transocean Arctic - Customer exercised a one-well option offshore Norway; and
  • Transocean 712 - Awarded a 13-well contract plus a one-well option in the UK North Sea.

The company has also retired, in an environmentally responsible manner, the following four floaters: Deepwater Discovery, Deepwater Frontier, Deepwater Millennium and Songa Trym.

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Offshore news Oil rig news Upstream drilling news Oil & gas news