Pacific Drilling Orders Eighth Drillship from Samsung Heavy

Pacific Drilling Orders Eighth Drillship from Samsung Heavy

Pacific Drilling S.A. announced today that its wholly-owned subsidiary exercised an option to construct its eighth ultra-deepwater drillship with Samsung Heavy Industries.

“We are extremely pleased to announce the order of our eighth ultra-deepwater drillship,” stated Pacific Drilling CEO Chris Beckett. “The strong market for deepwater drilling, attractive construction cost, strength of relationships with our preferred vendors, and robust operating performance of our in-service rigs support the decision to invest in the further expansion of our fleet.”

The drillship will have a rated water depth of 12,000 feet, be equipped for 40,000 feet drilling depth, have accommodation for 200 personnel and be equipped to support dual gradient drilling. The total cost, excluding capitalized interest, will be approximately $620 million and delivery is scheduled for March 16, 2015. Financing for the construction of this rig is expected to be provided by a combination of cash flows from ongoing operations and long-term debt.

Pacific Drilling, January 22, 2013

Share this article

Follow World Maritime News

In Depth>

Events>

<< Mar 2015 >>
MTWTFSS
23 24 25 26 27 28 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

Sea Asia 2015

Sea Asia 2015 is expected to attract more than 14,000 participants including CEOs, presidents, decision-makers and maritime professionals…

read more >

15th China International Offshore Oil & Gas Exhibition

China Maritime (CM) is an international event to cater to Chinese strategy of developing marine economy, also, to meet the request of both…

read more >

MARLOG 2015

MARLOG 4 conference sheds light on the most important and recent mega projects which will affect the field of maritime transport as well…

read more >

17th Annual Global Liner Shipping Conference

Participants of GLS 2014 assessed industry’s most critical topics:
– Analysed the potential impact of the P3 alliance…

read more >