Discoverer Inspiration (Transocean Partners) (Drillship)

Transocean Partners LLC launch IPO

Return to news list

23 July 2014

Transocean Partners LLC, a Marshall Islands limited liability company formed by Transocean Ltd., announced today that it has commenced an initial public offering of 17,500,000 common units representing limited liability company interests pursuant to a Registration Statement on Form S-1 previously filed with the U.S. Securities and Exchange Commission (“SEC”). All of the common units are being offered by Transocean Partners Holdings Limited, a wholly owned subsidiary of Transocean Ltd. The underwriters of the offering are expected to be granted a 30-day option to purchase up to an additional 2,625,000 common units from Transocean Partners Holdings Limited. The common units are expected to trade on the New York Stock Exchange under the ticker symbol “RIGP.” The common units being offered represent a 25.4 percent limited liability company interest in Transocean Partners LLC, or a 29.2 percent limited liability company interest if the underwriters exercise in full their option to purchase additional common units. Transocean Ltd., through Transocean Partners Holdings Limited, will own the remaining limited liability company interests in Transocean Partners. Transocean Partners LLC will initially take majority holdings in the ‘Discoverer Inspiration’ and ‘Discoverer Clear Leader’ drillships and the ‘Development Driller III’ semisub units. The newly listed company also has the first right to offer for ownership of the newbuilds, ‘Deepwater Invictus’, ‘Deepwater Thalassa’, Deepwater Proteus’, Deepwater Pontus’, Deepwater Poesidon’ and ‘Deepwater Conqueror’ units, should Transocean Ltd decide to sell the assets.

Source: 23/07/2014

More News for Operator: Transocean Partners

3 Mar 2006

Keppel secures US$270 million contract from GlobalSantaFe

Keppel FELS Ltd (Keppel FELS) has secured a contract with GlobalSantaFe Corporation (GSF) to build an ultra-deepwater drilling rig for US$270 million. Under the contract agreement, GSF will supply the drilling and sub-sea equipment while Keppel FELS provides the design, engineering and construction of the hull as well as the accommodation quarters for 180 men and marine equipment. The rig, to be named the GSF Development Driller III, is scheduled for delivery in the first quarter of 2009. GSF has chosen to build the state-of-the-art semisubmersible (semi) to the proprietary design, DSS-51, jointly designed and developed by Keppel’s Deepwater Technology Group (DTG) and Marine Structure Consultants (MSC).

7 Feb 2009

Keppel FELS completes proprietary DSS™ 51 semi for Transocean

Keppel FELS Limited (Keppel FELS) has completed Transocean’s Development Driller III, an ultra-deepwater drilling rig built to Keppel’s proprietary DSSTM 51 semisubmersible (semi) design. The Development Driller III is designed to construct wells as deep as 11,430 metres (37,500 feet) wells and operate in water depths of up to 2,286 metres (7,500ft), upgradable to 12,192 metres (40,000 feet) and 3,048 metres (10,000 feet), respectively. Mr Robert L. Long, CEO of Transocean, said, “Through our collaborative effort with Keppel FELS, Development Driller III will soon be ready for deployment by our customer BP in the U.S. Gulf of Mexico. We are looking forward to provide BP with the safest and most effective offshore drilling possible.”

11 Mar 2010

Discoverer Inspiration Begins Five-Year Contract With Chevron

Transocean Ltd. (NYSE:RIG) today announced that the newbuild ultra-deepwater drillship Discoverer Inspiration has commenced operations for Chevron U.S.A. Inc., a wholly owned subsidiary of Chevron Corporation (NYSE:CVX), in the U.S. Gulf of Mexico under a five-year drilling contract. The dynamically positioned double-hulled Discoverer Inspiration includes the most advanced drilling capabilities in the offshore drilling industry. The vessel is an enhanced version of Transocean's three predecessor Enterprise-class drillships, which have set deepwater drilling records in recent years, including the world water-depth drilling record of 10,011 feet set by the Discoverer Deep Seas while working for Chevron in the U.S. Gulf of Mexico.

Return to news list