UK: BP Hires New ENSCO DS-6 Ultra-Deepwater Drillship

 

Ensco plc announced today that it has entered into a five-year term drilling contract with BP for the new ENSCO DS-6 ultra-deepwater drillship at a rate of approximately $522,000 per day, plus cost adjustments. The contract adds more than $1 billion to Ensco’s revenue backlog. In addition, the contract includes two one-year options at mutually agreed rates.

ENSCO DS-6 recently was delivered from Samsung Heavy Industries’ shipyard in South Korea and is now undergoing BP requested and funded modifications in Singapore that include BP’s latest enhanced voluntary drilling standards. Ensco has been receiving a special standby day rate from BP since 1 February while this work is being completed. The scope and total cost of these modifications and upgrades are in the process of being finalized.

Chairman, President and Chief Executive Officer Dan Rabun commented, “We are very pleased that BP has chosen to contract ENSCO DS-6. BP is a repeat customer of our Samsung DP3 drillship series and we commend our crews currently working for BP for their safety record and operational performance, which favorably influenced the contracting for ENSCO DS-6.”

Mr. Rabun added, “ENSCO DS-6 increases the size of our active ultra-deepwater fleet to 10 rigs and reinforces Ensco’s position of having the newest ultra-deepwater fleet in the world with an average age of just two years.”

Upon completion of the modifications, the rig will mobilize to its first well location to complete acceptance testing before commencing drilling operations. The mobilization fee will be paid by BP in a lump sum upon completion of acceptance testing.

Based on current estimates, ENSCO DS-6 is scheduled to commence the five-year term contract in late fourth quarter 2012. Collectively, the modifications, mobilization fee and special standby day rate will be amortized over the primary five-year contract term.

ENSCO DS-6 is the fourth of five rigs in the Company’s Samsung DP3 drillship series. Ensco anticipates significant benefits from standardization for these rigs as it has with the ENSCO 8500 Series® ultra-deepwater rigs, Megathyst semisubmersibles and Keppel FELS premium jackups.

The Samsung DP3 ultra-deepwater drillships are equipped with advanced technological features for drilling deepwater wells including DPS-3 certified dynamic positioning, six ram 15,000 psi BOPs, two million pound hook load, 6,000-barrel active fluid systems, significant storage and deck space, and accommodations for up to 200 persons. The BOP for the ENSCO DS-6 drillship will have double-blind shear rams to meet BP’s specifications.

The uniform design of the company’s Samsung DP3 drillship series streamlines construction, operations, inventory management, training, regulatory compliance, repairs and maintenance. It also provides flexibility for customer-specific enhancements: in particular, the drillships may be modified to drill and complete wells in water depths up to 12,000’.

ENSCO DS-7, the fifth rig in the Company’s Samsung DP3 drillship series, is currently under construction in South Korea with delivery scheduled for the second half of 2013.

Source: ENSCO, April 2, 2012

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SNS2017 – 2 March

Day two of the conference is dedicated to ScottishPower Renewables Supply Chain Event for the East Anglia ONE Wind Farm Project.

ScottishPower Renewables is in the process of finalising its major contracts for the East Anglia One project, and is delighted to announce that these contractors will be attending the ScottishPower Renewables Supply Chain Event at the Norfolk Showground Arena on 2 March 2017.

Occupying the second day of EEEGR’s SNS2017 Conference and Exhibition, the ScottishPower Renewables Supply Chain Event will allow their contractors to engage with businesses and stakeholders in the East of England and further afield as quickly as possible to outline the skills they require and the business opportunities to be created by the project.

Information will be provided on the current status of the project by ScottishPower Renewables Managing Director, Jonathan Cole, and East Anglia One Project Director, Charlie Jordan. There’ll also be information on the scope of works to be carried out, explanations of how to get involved and the opportunity to meet representatives from Seaway Heavy Lifting, Navantia, Lamprell, Harland & Wolff, Roadbridge, Van Oord, Prysmian, VBMS, Nexans, DeepOcean, Peel Ports Great Yarmouth, Siemens and ABPorts.

Up to seven additional suppliers will also be attending, to be confirmed shortly. Opportunities will range from civil and electrical contractors, vessel and ports support, to technicians and logistics.

ScottishPower Renewables is starting construction this year, with the first turbines to be installed by 2019 and the project fully operational during 2020.

Full-access pass holders will be able to take full advantage of the presentations whilst there are also free exhibition-only passes which will give holders the opportunity to network with representatives from these suppliers at their stands. Delegates MUST register prior to the event to be allowed admission. Upgrades of exhibition-only passes may be permissible on payment of the appropriate fee.

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