Wednesday, September 3, 2008

Pride International to construct ultra-deepwater drillship

Pride International has placed an order for the construction of a fourth advanced-capability, ultra-deepwater drillship in Houston, USA.

The latest drillship, like the company's three previously announced projects, will be constructed at the Samsung Heavy Industries’ shipyard in Geoje, South Korea and is expected to be delivered in the fourth quarter of 2011. The new drillship, to be named at a later date is based on an SHI proprietary hull design measuring 230-metres-long, 42.6-metres-wide, and offering a pay load in excess of 20,000 tonnes. The unit is designed for drilling in water depths of up to 3,660 metres, with a total vertical drilling depth of 12,190 metres, and will have off-line tubular stand building capabilities, as well as feature dynamic positioning in compliance with DPS-3 certification. The rig, which will be initially equipped for drilling in water depths of up to 3,048 metres will also have expanded drilling fluids capacity, a 1,000-tonne capacity hoisting system and living quarters for up to 200 personnel. The expected construction cost of the rig, including commissioning and system integrated-testing and excluding capitalized interest, is approximately US$745 million.
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