Drilling contractor Transocean introduced Monday that the supply of two newbuild drillships at the moment below development in South Korea can be delayed by 12 months every.

The newbuilds impacted are the ultra-deepwater drillships Deepwater Pontus and Deepwater Poseidon.

Trancocean stated it has reached agreements with its buyer Shell and the shipyard Daewoo Shipbuilding & Marine Engineering to delay the working and supply contracts.

The firm’s web site confirmed that working contracts for the Deepwater Pontus and Deepwater Poseideon have been initially scheduled to start in Q1 2017 and Q2 2017, respectively.

Transocean says that the delay has no impression on the length or dayrate of the unique 10-year working contracts for every of the 2 drillships. The supply and working agreements for Shell’s two different contracted Transocean newbuild, ultra-deepwater drillships, the Deepwater Thalassa and Deepwater Proteus, will not be impacted by the settlement, Transocean stated.

“We are pleased that the strength of our relationships with both Shell and DSME has enabled us to reach this mutual agreement,” stated Transocean President and Chief Executive Officer Jeremy Thigpen. “We are excited by the progress that we have jointly made with Shell on all four high-specification, ultra-deepwater drillships, including the Deepwater Thalassa, which was delivered this September, and the Deepwater Proteus, which is scheduled for delivery this December.”

Transocean at the moment has seven ultra-deepwater drillships and 5 high-specification jackups below development.

Weekly Insights from the Helm

Dive right into a sea of knowledge with our meticulously curated weekly “Dispatch” e mail. It’s greater than only a publication; it’s your private maritime briefing.

Sign Up