Transocean Orders Drillships

Transocean has awarded construction contracts to Jurong Shipyard, a subsidiary of Sembcorp Marine in Singapore, for two newbuild dynamically-positioned ultra-deepwater  drillships. The combined capital cost for the construction of the rigs has been estimated at approximately USD 1.24
billion for Transocean, excluding capitalised interest.

The drillships are scheduled for delivery in the second quarter of 2017 and first quarter of 2018 respectively. Transocean has also entered into an option agreement to order up to three additional sister rigs. 
The rigs will be built to the Jurong Espadon III design, and will possess advanced capabilities for highly efficient ultradeepwater development drilling operations worldwide. The dual-activity DP III rigs will be capable of working in water depths of up to 3,658m (12,000ft), and of drilling wells to a
total depth of 12,192m (40,000ft). Meanwhile, Transocean has sold its high-specification jackup rig GSF Monitor to Lotos Petrobaltic. The unit has been mobilised from West Africa to Poland, and will be used by Lotos Petrobaltic to drill 15 wells and to perform extensive workover operations in the Polish sector of the Baltic Sea.