Daewoo Shipbuilding wins $470 million contract from Transocean

March 4, 2006
Daewoo Shipbuilding & Marine Engineering has won a $470 million order to construct a drillship for Transocean.

Offshore staff

(GoM, Asia-Pacific) - Daewoo Shipbuilding & Marine Engineering has won a $470 million order to construct a drillship on a turnkey basis for Transocean.

Daewoo says the drillship will be delivered by September 2008 and used to explore in the GoM.

The drillship, the first of its kind, is a movable vessel that can drill oil reserves as deep as 11,000 m, according to Daewoo.

In February, the company said it had secured an order from Norway's Odfjell Invest I Ltd. to build a semi-submersible drilling rig.

03/04/06