Dalian Heavy Industries built 10 jack-up rigs for Seadrill.
2013-08-03 08:00
It is understood that Dalian Shipbuilding Heavy Industry Group Ocean Engineering Co., Ltd. recently received an order for two high-specification self-elevating drilling platforms from Seadrill.
Seadrill announced on July 31 (local time) that it had ordered two self-elevating drilling platforms from Dalian Shipbuilding, with delivery scheduled for the second and third quarters of 2016.
Each platform is valued at approximately US\$230 million (including project management, capitalized interest, drilling and processing tools, spare parts, and operational readiness), with a "Tail-heavy" payment schedule.
The two new platforms are based on the F&G JU2000E design, operating in water depths of 400 feet and drilling depths of 30,000 feet. Seadrill currently has a total of 10 self-elevating drilling platforms under construction at Dalian Shipbuilding, including two scheduled for delivery in 2013, five in 2015, and three in 2016.
Seadrill now plans to build a total of 24 units, including 9 drillships, 2 harsh-environment semi-submersible drilling platforms, and 13 high-specification self-elevating drilling platforms. In addition, the company will implement two optional orders for fixed-price ultra-deepwater drilling platforms.
Furthermore, Seadrill indicated that the demand for high-specification self-elevating drilling platforms may continue to rise. From 2005 to the present, approximately 100 self-elevating drilling platforms have been delivered. However, among the self-elevating drilling platforms with signed charter contracts, approximately 60% are older units delivered before 1933. Coupled with the utilization rate of self-elevating drilling platforms exceeding 90% in the last two years, this suggests that future demand may continue to increase.
In addition, there are currently approximately 115 self-elevating drilling platforms under construction globally, of which about 50% are low-specification units with lower competitiveness or are limited to special sea areas.
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