STENA DRILLING ENTERS PURCHASE OPTION WITH SAMSUNG FOR EX OCEAN RIG DRILLSHIP

December 10, 2021

Aberdeen-based Stena Drilling has entered into a purchase option agreement with Samsung Heavy Industries for a drillship.
Our plan is to fit the drillship according to our specifications with hybrid technologies including the use of batteries. If we find a suitable contract, we will use the option to buy the unit” – says Erik Ronsberg, CEO of Stena Drilling.
The drillship is one of the two stranded drillships that were originally ordered by Ocean Rig and subsequently relinquished by Transocean – the Ocean Rig Santorini and the Ocean Rig Crete.
By the end of November 2021 delivered the Santorini drillship to Saipem. The unit was taken on a bareboat charter with a purchase option.
The ex. Ocean Rig Crete, ordered in 2014, may join the Stena Drilling fleet in 2023, with delivery to be confirmed in October 2022. The sale price is $245 million.
Ocean Rig Crete is a 7th generation Samsung S12000 mobile offshore drilling unit with an ABS classification and Marshall Island flag. Maximum drilling depth is 40,000 feet with a maximum water depth of 12,000 feet. The ship has accommodations for 200 people.
(Source: Stena Drilling)