Post by Blitz on Apr 30, 2024 13:51:01 GMT -5
US driller nabs another $500K dayrate for the Gulf of Mexico
Transocean also signs three-well extension with Equinor in Norway
Robert Stewart, North America Energy Correspondent, Baton Rouge - Published 26 minutes ago
www.upstreamonline.com/rigs-and-vessels/us-driller-nabs-another-500k-dayrate-for-the-gulf-of-mexico/2-1-1635993
Deepwater driller Transocean has signed another extension above the $500,000 dayrate plateau for work in the US Gulf of Mexico, this time for its Deepwater Atlas rig for a project with Beacon Offshore.
The extension calls for another four wells at a $505,000 dayrate, Transocean chief executive Jeremy Thigpen said Tuesday during the company’s quarterly earnings call.
The extension for the ultra-deepwater vessel should last between 240 and 360 days.
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Transocean drillship back on duty following BOP issue
April 30, 2024
www.offshore-mag.com/drilling-completion/article/55027247/transocean-drillship-back-on-duty-following-bop-issue
Transocean’s first-quarter revenue efficiency was impacted by downtime on the Deepwater Titan drillship, related to its BOP.
Offshore staff
SEINHAUSEN, Switzerland — Transocean’s first-quarter revenue efficiency was impacted by downtime on the Deepwater Titan drillship, related to its BOP.
However, the vessel has since resumed day rate operations.
The company’s overall operating and maintenance costs were lower at $523 million, mainly due to cost savings on idle rigs, reduced contract preparation expenses and lower in-service maintenance costs for the operating fleet.
First-quarter capex of $83 million was directed mainly at the newbuild Deepwater Aquila ultradeepwater drillship.
One highlight of the year to date has been a 365-day extension of Deepwater Asgard’s contract at a rate of $505,000/d.
This confirms the sustained tightness in the high-specification floater market, said CEO Jeremy Thigpen.
“Looking ahead, we remain encouraged by the demand outlook and expect to see numerous long-term contracts awarded over the next several months,” he added.
04.30.2024
Transocean also signs three-well extension with Equinor in Norway
Robert Stewart, North America Energy Correspondent, Baton Rouge - Published 26 minutes ago
www.upstreamonline.com/rigs-and-vessels/us-driller-nabs-another-500k-dayrate-for-the-gulf-of-mexico/2-1-1635993
Deepwater driller Transocean has signed another extension above the $500,000 dayrate plateau for work in the US Gulf of Mexico, this time for its Deepwater Atlas rig for a project with Beacon Offshore.
The extension calls for another four wells at a $505,000 dayrate, Transocean chief executive Jeremy Thigpen said Tuesday during the company’s quarterly earnings call.
The extension for the ultra-deepwater vessel should last between 240 and 360 days.
You need a subscription to read this story
/////////////////////////
Transocean drillship back on duty following BOP issue
April 30, 2024
www.offshore-mag.com/drilling-completion/article/55027247/transocean-drillship-back-on-duty-following-bop-issue
Transocean’s first-quarter revenue efficiency was impacted by downtime on the Deepwater Titan drillship, related to its BOP.
Offshore staff
SEINHAUSEN, Switzerland — Transocean’s first-quarter revenue efficiency was impacted by downtime on the Deepwater Titan drillship, related to its BOP.
However, the vessel has since resumed day rate operations.
The company’s overall operating and maintenance costs were lower at $523 million, mainly due to cost savings on idle rigs, reduced contract preparation expenses and lower in-service maintenance costs for the operating fleet.
First-quarter capex of $83 million was directed mainly at the newbuild Deepwater Aquila ultradeepwater drillship.
One highlight of the year to date has been a 365-day extension of Deepwater Asgard’s contract at a rate of $505,000/d.
This confirms the sustained tightness in the high-specification floater market, said CEO Jeremy Thigpen.
“Looking ahead, we remain encouraged by the demand outlook and expect to see numerous long-term contracts awarded over the next several months,” he added.
04.30.2024
