Offshore staff
Transocean Inc. has received contracts for four of its high-specification semisubmersible rigs – theSedco Energy, Deepwater Discovery, Transocean Leader, and Sedco 709.
The fifth-generation deepwater semisubmersibleSedco Energy has been awarded a 730-day contract in West Africa. The contract is expected to begin in October 2005, following the completion of the rig's current drilling program and an estimated 100-day period for rig modifications in a shipyard in Las Palmas and mobilization to the location. Revenues of approximately $148 million could be generated over the 730-day contract period.
Nexen has awarded the fifth-generation drillshipDeepwater Discovery a one-well, estimated 25-day contract for drilling operations offshore Equatorial Guinea. The contract is expected to start during May 2005, in direct continuation of the rig's current contract. Revenues of approximately $8 million could be generated over the 25-day contract period.
TheSedco Energy and Deepwater Discovery are dynamically positioned, ultra-deepwater rigs capable of working in water depths of up to 7,500 and 10,000 ft, respectively. The Sedco Energy, which entered service in 2001 following its construction in Brest, France, is currently operating offshore Nigeria for ChevronTexaco. TheDeepwater Discovery, which began operations in 2000 following its construction in Ulsan, Korea, is currently operating offshore Ivory Coast for Vanco.
In addition, Statoil has awarded the deepwater rigTransocean Leader an estimated 345-day contract for drilling operations offshore Norway. The program is expected to begin in February 2006, in direct continuation of the rigs current contract. Revenues of approximately $84 million could be generated over the 345-day contract period.
Finally, Amerada Hess has awarded the deepwater rigSedco 709 a two-well, estimated 60-day contract for drilling operations offshore Gabon. The contract is expected to start in April 2005, in direct continuation of the rig's current contract. Revenues of approximately $10 million could be generated over the 60-day contract period.
TheTransocean Leader and Sedco 709 are two deepwater semisubmersible rigs capable of working in water depths of 4,500 ft and 5,000 ft, respectively. The Transocean Leader is currently operating for Statoil offshore Norway, while the Sedco 709 is operating for CNR offshore Ivory Coast.
Estimated revenues for each contract are exclusive of revenues for mobilization, demobilization, rig modifications, and client reimburseables.
TheSedco Energy, Deepwater Discovery, Transocean Leader and Sedco 709 represent four of the 32 high-specification floaters in the Transocean fleet, 13 of which are fifth-generation rigs capable of drilling in water depths of 7,500 ft or greater.
04/04/05
