Ultra-Deepwater Drillship Ordered by Stena Drilling

Samsung Heavy Industries has received an order from Stena Drilling for the construction of an ultra-deepwater drillship. The rig will be built at Samsung's Koje Shipyard in South Korea at a cost of approximately US $600 million.

The Stena DrillMAX will be a dynamically-positioned rig capable of working in water depths of 10,000 feet. The rig will also be capable of working in harsh environments such and the Norwegian Sea and Barents Sea.

The rig scheduled to be delivered at the end of 2007.

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