Does newest Transocean fleet standing report provides clues to conversion candidates?
Offshore drilling contractor Transocean (NYSE: RIG) and offshore wind turbine installer Eneti Inc.(NYSE:NETI) have entered an MOU indicating their intention to kind a three way partnership firm that might interact in offshore wind basis set up actions.
The institution and operation of the three way partnership are topic to definitive agreements which would supply for:
- the conversion of at the very least two Transocean vessels into floating offshore wind basis set up platforms,
- experience and operational personnel to be supplied by each Eneti and Transocean, and
- the fitting however not the duty for every of Transocean and Eneti to put money into the three way partnership with further companions.
The vessels, as soon as transformed, could be able to carrying and putting in as much as six 3,500-ton, 12-meter diameter monopile foundations with state-of-the-art security and effectivity.
Transocean shares had been down 4.89% at present after a separate disclosure by the corporate {that a} quarterly rig standing report filed April 18 had misstated that the incremental backlog related to fixtures recognized within the report’s second paragraph was roughly $645 million. The correct quantity is $546 million. The firm launched an up to date report, noting that al different data remained unchanged, together with the corporate’s complete backlog of $8.6 billion as of April 18, 2023.
A take a look at that report signifies that the corporate presently has eight drill ships and 4 semis stacked, presumably it’s a few of these stacked vessels which might be being eyed for potential conversion for monopile set up.
