Transocean reactivates ultra-deepwater semi, secures work for idle rigs

July 26, 2017
Transocean has issued an update on its offshore drilling rig fleet.

Offshore staff

ZUG, SwitzerlandTransocean has issued an update on its offshore drilling rig fleet.

As of July 25, 2017, the company’s contract backlog is $10.2 billion.

Offshore Australia, Quadrant Energy has awarded the ultra-deepwater semisubmersibleGSF Development Driller I a three-well contract plus two one-well options. Following a cold-stacked reactivation and mobilization, the floater is expected to begin operations in 1Q 2018.

Off Myanmar, Woodside exercised two one-well options for the ultra-deepwater drillshipDhirubhai Deepwater KG2.

In the US Gulf of Mexico, Deep Gulf Energy has contracted the ultra-deepwater drillshipDeepwater Asgard for two wells. The drillship was previously idle.

The ultra-deepwater semisubmersibleDevelopment Driller III was awarded a two-well contract. The customer and location was not disclosed. The semi was previously idle.

In the UK North Sea, BP awarded the harsh environment semisubPaul B. Loyd, Jr. a one-well option.

In the Norwegian North Sea, Aker BP exercised three one-well options for the harsh environment semiTransocean Arctic. Drilling is expected to begin in September.

The midwater floatersTransocean Prospect and Transocean Searcher were classified as held for sale. Transocean said the rigs will be recycled in an environmentally responsible manner.