Transocean Ltd. has, since April 17, received new drilling contracts valued $953 million in total.
In its fleet status report, the drilling contractor said that its Dhirubhai Deepwater KG1 drillship was awarded a three year contract offshore Brazil at a dayrate of $440,000 ($482 million estimated backlog). The rig’s prior dayrate was $510,000. The drillship, currently working for Reliance in India, will begin its contract with Petrobras in January 2015.
The Dhirubhai Deepwater KG1 is a double hulled dynamically positioned drillship capable of operating in moderate environments and water depths up to 3,657 m (12,000 ft).
Furthermore, The Paul B. Loyd, Jr. semi-submersible drilling rig was awarded a two year contract extension in the U.K. North Sea at a dayrate of $430,000 ($314 million estimated backlog). The rig’s prior dayrate was $447,000.
Also, The GSF Development Driller II jack-up rig secured a three-well contract in the Black Sea offshore Romania at a dayrate of $360,000 ($97 million estimated backlog). The rig’s prior dayrate was $606,000.
As for the GSF Constellation II jack-up rig, Transocean said that the customer exercised a one year option offshore Gabon at a dayrate of $165,000 ($60 million estimated backlog).
Transocean added that the remaining backlog from the Sedco 710 contract in Brazil has been transferred to the Sedco 706 .
Out of service days
Estimated 2014 planned out-of-service time increased by a net 485 days, including 354 days primarily associated with contract preparation and mobilization on the Dhirubhai Deepwater KG1, GSF Development Driller II and Polar Pioneer; and 121 days related to the shipyard acceleration into 2014 from 2015 on the GSF C.R. Luigs. Estimated 2015 planned out-of-service time decreased by a net 84 days. These estimates are subject to change due to a variety of factors, including changes in the company’s business plans and customers’ requirements.