gets contract extensions for high-specification rigs Discoverer
Enterprise and Deepwater Horizon
Posted: 27 April 2004
Transocean Inc announced that BP PLC has extended the contracts
on two of the company's high-specification deepwater rigs, the drillship
Discoverer Enterprise and the semisubmersible Deepwater Horizon.
The Discoverer Enterprise contract extension is for three years
and is expected to commence during December 2004. Revenues of approximately
$200 million could be generated over the three-year extension.
The contract extension for the Deepwater Horizon is for one year
and is expected to commence in September 2004, with revenues of
approximately $60 million possible over the one-year extension.
The Discoverer Enterprise and Deepwater Horizon, both currently
operating in the U.S. Gulf of Mexico, have been under contract to
BP since the rigs began service in December 1999 and September 2001,
respectively, and represent two of the company's 32 High-Specification
Floaters, 28 of which are capable of operating in water depths of
4,500 feet or greater.
Both rigs are equipped with dynamic positioning technology for
maintaining station and are capable of drilling in water depths
of up to 10,000 feet. The Discoverer Enterprise is equipped with
the company's patented dual-activity drilling technology, which
saves time by allowing drilling tasks to be performed in parallel,
rather than sequentially as with conventional offshore drilling
For more information see http://www.deepwater.com
Posted by Richard Price,
Information supplied by companies
or PR agencies who are responsible for content. Send press releases