Transocean Stacks Six Drilling Rigs

Published at 10:48AM - 24/07/16

Transocean announced it has stacked six rigs and received new contracts, according to the latest fleet status report for the offshore drilling contractor.

Additionally, the company confirmed it is changing the day rate for several of its production units.

“In May, the newbuild ultra-deepwater drillship Deepwater Proteus commenced operations on its 10-year contract, in the US Gulf of Mexico at a current day rate of US$498,000 (£380,094). In accordance with the drilling contract, this day rate reflects adjustments for reduced operating costs,” the company said in the report.

Transocean Stacks Six Drilling Rigs

The fleet status reports covers the period between April and July 2016 and reveals the stacking of a total of six rigs: Deepwater Millenium (1999), Cajun Express (2001), GSF Development Driller I (2005), Transocean Driller (1991), GSF Constellation II (2004) and Transocean Honor (2012).

Additionally, the company has reduced the day rate for the Deepwater Proteus newbuild ultra-deepwater drillship, which has been operating with Shell in the US Gulf of Mexico, under a 10-year contract.

Transocean also reduced the rate for its 2016-built drillship, the Deepwater Thalassa, operating under a ten-year contract with Shell in the US Gulf of Mexico, which started in February 2016.

Transocean Deepwater Thalassa Offshore Ultra Deepwater Drillship
Transocean Deepwater Thalassa Ultra Deepwater Drillship

As well as this, the company increased the day rates for two 2009-built drillships – Dhurubhai Deepwater KG1 and Petrobras 10000.

Both rigs have been contracted to Petrobras offshore Brazil, in 2017 and 2019.

Transocean Gets New Rig Deals

Meanwhile, the semi-submersible drilling rig Jack Bates, built in 1986, has been awarded a two-year contract with ONGC offshore India starting in October.

As well as this, the semi-sub Transocean Spitsbergen, built in 2010, has been awarded a one well contract in the UK sector of the North Sea with Hurricane Energy, expected to start in October.

Transocean Spitsbergen Offshore Semisubmersible Drilling Rig
Transocean Spitsbergen Offshore Semisubmersible Drilling Rig

The rig will then move to another one-well contract in the Norwegian North Sea with Repsol, starting in March 2017.

GSF Constellation I received a one-month extension contract with Bunduq in the UAE, and will be under contract until January 2017.

The deep water floater Sedco 702 is now for sale and will be recycled in an environmentally responsible manner, the firm informed.