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MEASURING OUR SUCCESS
Spotlight On: Terry Bonno
Keel Laying for Deepwater Asgard
Transocean celebrated the traditional birth of a ship at the keel laying ceremony for the Deepwater Asgard on October 4. This is the sixth Transocean drillship built by Daewoo Shipbuilding and Marine Engineering Co. (DSME), and 11th drilling unit built for Transocean.
Dan FarrDirector, Newbuilds“The trust that exists between our companies and the passion we share for excellence and industry leadership is most recently demonstrated by our announcement to construct four additional drillships,” said Dan Farr, Director, Newbuilds.
The team effort from marketing, engineering, procurement and project management, with its initial concept in Norway, turned the concept into a reality at the keel laying event. The Deepwater Asgard is scheduled to be launched into the water in December as part of its sea trials.
Deepwater Invictus Steel Cutting
June 13 marked another successful day at Transocean, as the steel cutting took place for the Deepwater Invictus drillship.
Hull 3613, named Deepwater Invictus, is the seventh drillship and the 12th drilling unit built for Transocean by our friends at Daewood Shipbuilding and Marine Engineering Co. (DSME), a relationship that has existed between our two companies for over 30 years.
Congratulations and thank you to all who took part. We look forward to working with you on the drillship. With safety in the forefront, Transocean’s expectations are very clear for all the men and women who will build and operate this drillship: from the moment when construction starts and as the drillship explores the world’s oceans, “Working safely from ship to shore, incident-free operations – all the time – everywhere.”
Transocean Ltd. Announces 10-Year Contracts for 4 Newbuild Ultra-Deepwater Drillships
The announcement of the unprecedented contracts was made on September 28, as Transocean was awarded 10-year drilling contracts for four newbuild dynamically positioned ultra-deepwater drillships by Royal Dutch Shell (Shell). The first rig’s shipyard delivery is scheduled for mid-2015. The remaining three drillships are expected to be delivered from the shipyard at approximately six-month intervals afterward. After customer acceptance, the 40 “rig years” of contracts are expected to contribute an estimated revenue backlog of $7.6 billion, excluding mobilization. The estimated capital investment for the four newbuild rigs is $3 billion, excluding capitalized interest.
“These contracts add 40 years of rig work to our revenue backlog, expand and upgrade our ultra-deepwater fleet, improve our fleet mix and provide an opportunity to expand our relationship with an important customer with which we have 40 years of experience in advancing the state of the art in offshore drilling technology,” said Steven Newman, President and Chief Executive Officer of Transocean Ltd. “We look forward to providing Shell with incremental value through the addition of these seventh-generation, ultra-deepwater drillships.”
Peter Sharpe, Shell’s Executive Vice President, Wells, said, “These state-of-the-art deepwater rigs, on which we are collaborating with Transocean to design, will comply with the highest industry standards for safety, operations and environmental protection for drilling deepwater wells.”
Transocean celebrated the 40 rig years of revenue backlog with Shell employees in Amsterdam at a customer appreciation event held in October.