Rig: Paul B. Loyd, Jr.

Name Paul B. Loyd, Jr.
Owner Arcade Drilling AS
Manager Transocean Offshore Deepwater Drilling Inc.
Rig Type Semisub
Sub Type Midwater Floater
Jackup Type --
Max Water Depth (ft) 1969
Max Drill Depth (ft) 20000
Dimensions (ft) 361 x 240 x 130
Leg Length (ft) --
Competitive Yes

Current Location

Country UK
Region NWECS

Drilling Equipment

Drawworks Type National Oilwell Varco 1625 DE
Drawworks HP 2400
Mud Pumps Type National Oilwell Varco 12-P-160 Triplex
Top Drive National Oilwell Varco TDS-4S
Hookload Capacity (lbs) 1500000

Rig Construction Details

Rig Design Aker
Rig Model H-4.2
Year Built 1987
Country of Build South Korea
Yard Name Ulsan Shipyard
Group Yard Name Hyundai Heavy Industries (HHI)

Rig Contract Details

Operating Status Operational
Operator BP

Rig Images

News

1 Feb 2008

New oil discovery on UK continental shelf

BP and its partner, Marathon Petroleum West of Shetlands Ltd, today announced a new oil discovery in Block 204/23, following drilling on the South-West Foinaven prospect, some 190 kilometres west of the Shetland Islands. The exploration well 204/23-2 was drilled using the Paul B Loyd Junior semi-submersible drilling rig. Located 11 kilometres south-west of the Foinaven Floating, Production, Storage & Offloading (FPSO) vessel, the well reached a total depth of 2,528 metres below sea level. BP, together with its partner, is now evaluating the discovery and the potential for a two well subsea development, tied back to the Foinaven FPSO. Dave Blackwood, head of BP's North Sea business, said, "Discoveries like this are key to the future of the North Sea and, combined with continuing investment in brownfield development, will make best use of the existing offshore infrastructure. BP is always looking for new opportunities to invest, particularly around our existing acreage to extend the life of the North Sea." Licence P1263, comprising parts of blocks 204/ 23 and 204/24 was awarded to BP for operatorship (72% equity) and Marathon Oil (28%) in 2005 following the successful award in the 23rd Offshore Licensing Round.

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