A jack up type drilling rig in Abu Dhabi, showing the three legs that will ultimately be lowered to stand on the seafloor. Oil giant Chevron Corp. will spend about $500 million on two drilling rigs in the ocean off Thailand. Transocean Ltd. (NYSE: RIG), a Swiss company with U.S. operations in Houston, will provide and lease the rigs to Chevron for five years.
{loadposition in-article}
Each rig, Transocean said, could bring in about $246 million during the contract. These five year contracts start in the first quarter of 2013 and in the third quarter of 2013. The rigs, called jack ups, will be built by Keppel Offshore & Marine, part of Keppel Corp., in Singapore. They(TM)ll be able to operate in water up to 350 feet deep and will be able to drill wells as deep as 35,000 feet -- more than six and a half miles down. Jack up rigs actually touch the bottom of the sea with legs. That makes them more stable than floating rigs, but they can(TM)t operate in very deep water
No comments:
Post a Comment