Production • Processing • Handling
Demand strong for high-quality drilling rigs and drillships
Continuing worldwide demand is driving investment in high- quality drilling rigs and drillships. Sean Ottewell reports.
La continua demanda mundial potencia la inversión en plataformas y naves de perforación de alta calidad. Informe de Sean Ottewell.
Der fortgesetzte weltweite Bedarf treibt Investitionen in qualitativ hochwertige Bohrinseln und Bohrschiffe an. Sean Ottewell berichtet.
to manage cyclicality in the drilling industry, Trinidad maintains a blend of long-term and spot market exposure over its fleet. Tis provides revenue stability during weak industry conditions, while also allowing the company to participate in the upside as conditions improve. In line with this strategy, Trinidad
T
Fig. 1. Current tender activity is high in the deepwater drilling market. Ultra-premium rigs are inreasingly in high demand.
recently completed contract negotiations on 17 rigs which were due to expire at the end of 2011. Tese rigs have now been re-signed with the same customer for an additional three-year term at 100 per cent utilisation at increased day rates. Te company says that successful re-contracting of these rigs reflects the increasing demand for high-quality drilling equipment.
rinidad Drilling has re-signed long-term, take-or-pay contracts with expanding gross margins on 24 existing rigs. As a part of its strategy
In addition, Trinidad has re-signed another seven rigs, including four rigs that will be moved to the Powder River basin in Wyoming, creating a new operating area. Tese seven rigs have also been contracted for three years at 100 per cent utilisation. Including the rigs being constructed in 2011 and the re-signed contracts, Trinidad has 52 per cent of its fleet under contract with an average term remaining of approximately 2.3 years. Following the completion of the rig build programme, the company will have a total of 122 drilling rigs with 56 in Canada, 63 in the US and three in Mexico.
Jackups and drillships Noble has exercised two of its four options with Sembcorp Marine’s subsidiary Jurong Shipyard for the construction of additional high-specification, heavy-duty, harsh environment JU3000N jackup drilling rigs. Tis order will bring to four
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