Rig: Deepwater Titan

Name Deepwater Titan
Owner Transocean Ltd.
Manager Transocean Offshore Deepwater Drilling Inc.
Rig Type Drillship
Sub Type Ultradeep Water
Jackup Type --
Max Water Depth (ft) 12000
Max Drill Depth (ft) 40000
Dimensions (ft)
Leg Length (ft) --
Competitive Yes

Current Location

Country Singapore
Region South East Asia

Drilling Equipment

Drawworks Type --
Drawworks HP --
Mud Pumps Type --
Top Drive --
Hookload Capacity (lbs) 2500000

Rig Construction Details

Rig Design Jurong
Rig Model Espadon III
Year Built 2022
Country of Build Singapore
Yard Name Jurong Shipyard
Group Yard Name SembCorp Marine Ltd.

Rig Contract Details

Operating Status Under Construction
Operator --


19 Apr 2016

Transocean Ltd. Announces Ultra-Deepwater Drillship Delay

Transocean Ltd. (NYSE: RIG) announced today an agreement with Sembcorp Marine's subsidiary, Jurong Shipyard Ptd Ltd, to defer the delivery and related final payments of two dynamically positioned ultra-deepwater drillships. The proprietary Jurong Espadon 3T designed rigs are now scheduled to be delivered during the first and third quarter of 2020.

23 Jun 2015

Transocean scraps two more floaters and delays more newbuilds

Transocean Ltd (“Transocean”) today issued its updated fleet summary report, with the company announcing its plan to retire a further two floating rigs from its operational fleet as well as delay the delivery of two newbuild drillships. Transocean has classified both the GSF Celtic Sea and Transocean Amirante units as being held for sale, with the GSF Celtic Sea being either sold for use in a non-drilling capacity or recycled, whilst the Transocean Amirante will be recycled. Transocean has been the most active scrapper of rigs thus far in 2015 and has indicated its intent to scrap a total of 20 floaters. Meanwhile the company also announced its plan to delay the delivery of its two newbuild drillships currently under construction at the Jurong Shipyard in Singapore. Transocean has delayed the delivery of each unit by 24 months, with delivery now expected in Q2 2019 and Q1 2020. This follows Transocean’s recent trend of delaying newbuild assets, the company recently delayed delivery of its five newbuild jackup rigs.

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