TRANSOCEAN FLEET STATUS REPORT – THE SIGN OF DIFFICULT TIMES

Transocean Ltd. has issued an update on its offshore drilling rig fleet. The short and terse report is the expression of the difficult times that offshore operators are already facing. A long period of uncertainty is looming on the horizon.
Beacon Offshore has exercised a 41-day option for the drillship Deepwater Asgard in the US Gulf of Mexico. The contract is expected to end in November 2020.
Burullus sent a notice of early termination this month for its drilling contract with the ultra-deepwater drillship Discoverer India offshore Egypt.
Burullus Gas Company is a joint venture company formed by BG 25%, EGPC 50% and Edison International 25%, to undertake exploration and field development operations on behalf of the West Delta Deep Marine (WDDM) Concession holders.
Transocean has stacked the semisubmersibles Henry Goodrich and Transocean 712.
The mid-water semi-submersible Transocean 712 was built in 1983 at Hyundai’s Ulsan shipyard in South Korea. Henry Goodrich was a state-of-the-art semi-submersible when it was delivered in 1983. The rig was built by Mitsui at its Tamano Shipyard in Japan. After successfully drilling in the waters of the Norwegian North Sea and operated by Smedvig, Henry Goodrich spent the last years drilling off the coast of Newfoundland for StatoilHydro then Husky Energy. The unit is cold stacked in Bull Arm site, Newfoundland.
(Source: Transocean – Image: Henry Goodrich semi-submersible in Conception Bay South, Newfoundland, in 2012/James Fewer via Flickr)