DSIC Offshore again secures jack-up drilling rig order
2013-03-07 09:37
Seadrill, a globally renowned drilling operator, announced on the 5th that it has signed another contract with Dalian Shipbuilding Heavy Industry Group Ocean Engineering Co., Ltd. (referred to as Dalian Offshore) for two optional self-elevating drilling platforms.
According to the contract, the construction price is fixed, with delivery scheduled for the third and fourth quarters of 2015. The drilling platform is a state-of-the-art (modern high specification) self-elevating drilling platform.
The construction cost for each drilling platform is approximately US\$230 million (including project management, interest, drilling/processing equipment, spare equipment, and commissioning), with payment structured as "Tail-Heavy".
Based on the "F&G JU2000E" design, the platform has a maximum operating water depth of 400 feet and a maximum drilling depth of 30,000 feet.
Including this order, Seadrill has ordered a total of six self-elevating drilling platforms from Dalian Offshore, with two to be delivered this year and four in 2015.
Fredrik Halvorsen, CEO of Seadrill Management, stated, "The demand for high-tech self-elevating drilling platforms from repeat customers is increasing, and the market is gradually improving in terms of freight rates and charter periods. Including this order, the company will own 28 high-tech self-elevating drilling platforms."
Additionally, on January 31, Norwegian shipowner Seadrill announced that it had signed a contract with Dalian Shipbuilding Heavy Industry Group Ocean Engineering Co., Ltd. (Dalian Offshore) for the construction of 2+2 self-elevating drilling platforms, valued at US\$460 million, with a Tail-Heavy payment structure and delivery scheduled for the first and second quarters of 2015.
It is noteworthy that through this contract, Dalian Offshore will have built a total of 15 JU-2000E design drilling platforms (6 for Seadrill in total).
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