Transocean's Trident 20 Suffers Damage from Engine Room Fire

Transocean Inc. reports that its jackup rig Trident 20 suffered damage on Saturday, July 3, 2004, resulting from a fire in the rig's engine room while operating offshore Turkmenistan in the Caspian Sea. The cause of the fire is under investigation. There were no injuries resulting from the incident. At present, the rig's crew has been reduced to essential personnel only.

The Trident 20, referred to locally as the Gurtulush, has been under a firm three-well contract with Petronas in the Caspian Sea since April 2004, with contract completion previously expected during December 2004, subject to extension options. The company does not know how long the necessary rig repairs could take, although preliminary estimates range from approximately two to three months. The company has been advised by Petronas that it currently intends to suspend the contract, allowing time for the rig repairs.