Transocean Rig to Mobilize in Caribbean

Transocean Rig to Mobilize in Caribbean
Transocean has won a one-year contract offshore Trinidad and Tobago for its Development Driller III semisub.

Transocean Ltd. reported Thursday afternoon that its Development Driller III semisubmersible has won a one-year contract off the coast of Trinidad and Tobago.

In a written statement emailed to Rigzone, Transocean noted that it expects the contract to commence in the second quarter of 2020. The offshore drilling contractor also stated the contract should contribute approximately $91 million of backlog, excluding mobilization reimbursement.

Transocean did not identify the operating company contracting the rig.

In service since 2009, Development Driller III is an ultra-deepwater semisub designed to operate in up to 10,000 feet (3,048 meters) of water and can drill to 37,500 feet (11,430 meters), Transocean’s rig specification document states. The Vanuatu-flagged drilling unit can accommodate up to 200 people.

According to Transocean’s most recent fleet status report in October, Development Driller III is contracted to ExxonMobil Corp. offshore Equatorial Guinea.

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