Delivery of new Transocean drillships to be delayed

A Transocean rig
Transocean has had its rig contract extended

Rig contractor Transocean said today that the delivery of two new drillships will be delayed after the firm asked for modifications.

Transocean said it had asked for the drillships to be enhanced by increasing the hook load capacity to three million pounds.

The drillships, being built by SembCorp Marine’s subsidiary, Jurong Shipyard, will now be delivered in the second and fourth quarter of 2020.

In its quarterly fleet status report, Transocean said it had a backlog of $9.4billion.

The Paul B Loyd, Jr rig, currently contracted out to BP, was awarded two new North Sea contracts, one from Hurricane Energy and the other from Zennor Petroleum.

Meanwhile, Transocean’s newbuild ultra-deepwater drillship, Deepwater Pontus, started work late October on its 10-year contract with Shell in the US Gulf of Mexico.