Transocean to Work With Chevron on Ultra-Deepwater Drillship Project

Fecha : 28/12/2018 @ 07:02
Fuente : Noticias Dow Jones
Emisora : Chevron Corp. (CVX)
Cotización : 121.34  0.5 (0.41%) @ 15:20
Chevron Cotización de acciones Gráfica

Transocean to Work With Chevron on Ultra-Deepwater Drillship Project

Transocean (NYSE:RIG)
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   By Kimberly Chin 
 

Transocean Ltd. (RIG) has agreements with Chevron Corp. (CVX) to provide construction-management and drilling services for a rig to be located in the Gulf of Mexico, the company said Friday.

The Switzerland-based offshore driller said the first contract called for the rig design and construction management of one of Chevron's two ultra-deepwater drillships that is undergoing construction at the Jurong shipyard in Singapore. The drilling contract would have an estimated backlog of roughly $830 million and would be subject to construction and delivery stipulations, Transocean said.

The rig would be the first ultra-deepwater floater capable of drilling wells requiring equipment able to operate at 20,000 psi, according to Transocean. It is expected to begin operating in the Gulf of Mexico in the second half of 2021.

The drillship will comply with International Maritime Organization emissions standards, Transocean said.

Transocean has ownership interests in a fleet of 50 mobile offshore drilling units.

 

(END) Dow Jones Newswires

December 28, 2018 07:47 ET (12:47 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
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