Offshore staff
HOUSTON -- Transocean Inc.'s ultra deepwater semisubmersible GSF Development Driller II, capable of drilling in water depths of 7,500 ft (2,286 m), has been awarded a five-year contract extension, beginning in November 2008, by a subsidiary of BP PLC.
Estimated contract revenues that could be generated over the five-year extension period are approximately $1.06 billion, Transocean says.
TheGSF Development Driller II, which entered service in 2005 and is currently in the Gulf of Mexico, is one of 39 high-specification floaters in the Transocean fleet, 18 of which are ultra deepwater floaters capable of drilling in water depths of 7,500 ft or greater.
06/19/2008
