Transocean Wins Work for Two Semisubs

Transocean reports that Statoil has awarded a three-year drilling contract to the company's semisubmersible rig Transocean Searcher for operations offshore Norway. The three-year contract for Statoil on behalf of participants in the Gjoa Group is expected to commence in October 2008 in direct continuation of the rig's present contract with Statoil. Revenues which could be generated over the three-year contract are approximately $427 million.

In addition, the company announced that Total E&P UK PLC has awarded a one-year drilling contract extension to the company's semisubmersible rig Sedco 714 for operations in the U.K. North Sea. The one-year contract is expected to commence in November 2007 following the rig's present contract commitments with Total. Revenues which could be generated over the one-year extension to the contract are approximately $128 million.

The Transocean Searcher and Sedco 714 are two of 20 Other Floaters, or mid-water rigs, in the Transocean Inc. fleet. The Transocean Searcher is capable of operating in water depths of up to 1,500 feet. The rig entered service in 1983 and was upgraded to its current specifications in 1988. The Sedco 714 is capable of operating in water depths of up to 1,600 feet. The rig entered service in 1983 and was upgraded to its current specifications in 1997.

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


Most Popular Articles


From the Career Center
Jobs that may interest you
Floorhand - Job Fair May 31st
Expertise: Floorhand / Roughneck
Location: New Iberia, LA
 
GOM Floorhand
Expertise: Floorhand / Roughneck
Location: New Iberia, LA
 
Field Engineer II - Directional Drilling
Expertise: Directional Driller
Location: Oklahoma City, OK
 
search for more jobs

Brent Crude Oil : $54.15/BBL 0.51%
Light Crude Oil : $51.47/BBL 1.45%
Natural Gas : $3.22/MMBtu 3.30%
Updated in last 24 hours