Klik venligst
danmarks-rederiforening.gif

Transocean are scrapping four deep-sea rigs

Transocean are scrapping four deep-sea rigs

18-06-2018 10:00:00


Transocean plans to send more of its drilling rigs for scrapping in light of the continued weak market. According to the company, the ultra deep-sea rigs Deepwater Discovery, Deepwater Frontier and Deepwater Millennium as well as Songa Trym will be scrapped in an environmentally responsible manner.

"Transocean acknowledges that drilling ships built 18-19 years ago can not cope with the competition. The largest depreciations are the three drill vessels that were built in 1999 and 2000, while the Songa rig is much older and has long been a probable candidate for scrapping minimal economic impact, "says Bernstein analyst, Colin Davies.


The US listed company expects, as a result of scrapping the rigs, that the result for the second quarter of 2018 earnings will include an estimated non-cash impairment of approximately 520 million dollars. Transocean continues to evaluate the fleet's long-term competitiveness. This may mean that additional rigs are identified as candidates for retirement.

The four rigs now being scrapped have not been used since 2015 and 2016 and would have to face significant re-activation costs. Even rigs built in the early stages (2006-2012) of the current new building cycle are in serious lack of work. 22 of these rigs are still not much in use, according to Colin Davies.

Source: TradeWinds


Klik venligst

< Front page

Copyright © Maritime Denmark



Breaking News

- Danish Maritime Fair: Seeking new horizons
- Denmark’s days as oil exporters are over
- Norsok approved for submersible drilling rig
- Jesper R. Olsen new CFO of Maersk Drilling
- Horn Rev 3’s first wind turbine installed
- Maersk Drilling secures two contract
- Maersk and Vestas join forces
- Maersk Decom mangagement in place
- Transocean are scrapping four deep-sea rigs
- Semco Maritime receives important order
- Common platform will benefit the industry
- Offshore and universities going cooperate


Todays Top 5



This weeks Top 10

- Rolls-Royce Marine gets new address
- International standards are necessary
- Unifeeder expands in Great Britain
- Maersk Line changes to BAF
- Maersk merges Maersk Line and Damco
- Tanker ran aground in Aabenraa
- CEO Jens Holger Nielsen leaves Samskip
- Purchasing Manager
Klik venligst
Klik venligst
Klik venligst