Transocean finds work for one rig, scraps another

Transocean finds work for one rig, scraps another

Swiss-based offshore drilling contractor Transocean has won a new contract for jackup rig GSF Constellation I and will be scrapping semi-submersible GSF Rig 135, according to its latest fleet status report.

The new contract for 2003-built jackup GSF Constellation I is for work offshore United Arab Emirates and is at a day rate of $104,000. The deployment looks to be around 9 months, with the contract valued at around $28m.

Transocean also said that 1983-built midwater semi-suibnersible GSF Rig 135 is now being classified as held for sale, and will be recycled in an environmentally responsible manner.

In a separate announcement yesterday, Transocean said it had reached an agreement with client Shell and Korean yard Daewoo Shipbuilding & Marine Engineering (DSME) to delay the delivery of two drillships by 12 months each.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

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