Pride Dedicates New Deepwater Drillship, Set for GOM Ops
Pride announced the dedication of the second of its four new deepwater drillships under construction by Samsung Heavy Industries in South Korea, the Deep Ocean Clarion. The company is expected to take delivery of the rig in September 2010, followed by the mobilization of the rig to the U.S. Gulf of Mexico where it is expected to commence operations in the first quarter of 2011 under a five year contract with BP.
In a shipyard ceremony, Louis A. Raspino, President and Chief Executive Officer of Pride International, Inc., commented, "The addition of the Deep Ocean Clarion to our fleet further strengthens Pride's presence in the deepwater. These drillships represent the best, most technologically advanced generation of rigs. The Deep Ocean Clarion, built by Samsung with an outstanding safety record, will be strategic to our client's worldwide drilling needs."
All of Pride's new drillships have a significant complement of high specification equipment. The Clarion, fully capable of dual drilling activity, has the ability to drill in water depths of up to 12,000 feet, and has a 165 ton advanced heave compensated crane, advanced dynamic positioning systems, a 6,000-barrel active fluid storage and handling system, and significant storage and deck space.
The Clarion and its three sister ships in the new build construction program are key to Pride's commitment to expand its presence in the deepwater sector. Pride's revenues from its floating rigs are expected to grow to more than 90% when these units are delivered and operating.
The next drillship to be delivered in the four-rig construction program is the Deep Ocean Mendocino, with an expected first quarter 2011 delivery, followed by the Deep Ocean Molokai in the fourth quarter of 2011.
- Falcon Oil Declares Commercial Flow Test Results for Shenandoah Well
- Macquarie Strategists Expect Brent Oil Price to Grind Higher
- Japan Failing to Meet Corporate Demand for Clean Power: Amazon
- UK Oil Regulator Publishes New Emissions Reduction Plan
- Pennsylvania County Joins List of Local Govts Suing Big Oil over Climate
- PetroChina Posts Higher Annual Profit on Higher Production
- McDermott Settles Reficar Dispute
- US, SKorea Launch Task Force to Stop Illicit Refined Oil Flows into NKorea
- Russian Navy Enters Warship-Crowded Red Sea Amid Houthi Attacks
- USA Commercial Crude Oil Inventories Increase
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Oil Demand Outpaces Expectations, Testing Calculus on Peak Crude
- House Passes Protecting American Energy Production Act
- TotalEnergies Restarts Production in Denmark's Biggest Gas Field
- USA Oil and Gas Job Figures Jump
- Republican Lawmakers Say IEA Has Abandoned Energy Security Mission
- Blockchain Demands Attention in Oil and Gas
- Houthis Warn Saudi Arabia of Retaliation If It Backs USA Attacks
- Macquarie Sees USA Oil Production Exiting 2024 at 14MM Barrels Per Day
- Summer Pump Prices Set to Hit $4 a Gallon Just as Americans Hit the Road
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Chinese Mega Company Makes Major Oilfield Discovery
- VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Another Major Oilfield Discovery
- What Is the Biggest Risk to Offshore Oil and Gas Personnel in 2024?
- Vessel Sinks in Red Sea After Missile Strike
- Exxon Rights in Stabroek Do Not Apply to Hess Merger with Chevron: Hess
- Equinor Makes Discovery in North Sea
- Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension