Seadrill Orders Two Jackups from Dalian Shipbuilding

Deepwater drilling specialist Seadrill announced Friday that it has ordered two jackups for delivery in the first half of 2015 from Chinese firm Dalian Shipbuilding Industry Offshore.

The two units, which will cost $230 million per rig, will be based on the F&G JU2000E design, with water depth capacity of 400 feet and drilling depth of up to 30,000 feet. Seadrill has also arranged option agreements with Dalian to construct an additional two rigs for delivery in the third and fourth quarters of 2015, said the firm.

Seadrill Chairman John Fredriksen commented in a statement:

"These newbuilds position us for additional growth in a strengthening jackup market, providing further earnings upside for Seadrill. The premium jackup market continues to demonstrate strength as evidenced by increasing day rates and utilizations. Customers continue show preference for newer units from drilling contractors with proven track records of safe and efficient operations.

"Currently 312 jackups, or 65 percent of the total fleet of 483 jackups are older than 25 years. These two new firm orders increases our fleet of modern jackups to 25 rigs with an average age of three years, and further strengthens our position as the leading operator of premium modern, high-quality drilling units."
 

 



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Post a Comment Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
Ruslan Zakirov | Feb. 1, 2013
This is amazing that Seadrill keeps building rigs and paying for them more than other drilling contractors. Thats a bit exagerated to pay 230mil USD for a jack-up built in China. From the other hand, if thats the same type of the deal as a couple of years ago, when a rig is built for 220 mil USD, sold to an agent for 240 mil USD after a half-year operations in Myanmar and re-sold by the same agent to a new owner for 400 mil USD, thats a nice business.


Related Companies
For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit www.riglogix.com.
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  PTTEP Sells 20% Stakes in 2 Blocks in ... (Aug 31)
 -  Buru Energy Hits Oil at Praslin 1 Well (Aug 28)
 -  IOG Gets 3-Month Skipper License Exten... (Aug 28)
 -  UIL Energy to Acquire Perth Basin 2D S... (Aug 28)
 -  Galilee Completes Acquisition of ATP 5... (Aug 27)


Most Popular Articles
From the Career Center
Jobs that may interest you
Mechanical Engineer - Advanced Manufacturing Technology
Expertise: Mechanical Engineering
Location: Louisiana, LA
 
Maintenance Technician
Expertise: Maintenance Technician
Location: Janesville, WI
 
Maintenance Planner
Expertise: Maintenance Engineer|Maintenance Manager
Location: Quintana, TX
 
search for more jobs

Brent Crude Oil : $50.05/BBL 5.23%
Light Crude Oil : $45.22/BBL 6.25%
Natural Gas : $2.72/MMBtu 3.42%
Updated in last 24 hours