Transocean places order for five newbuild jackup rigs
In a bid to re-establish its position in the shallow water drilling market, whilst also continuing with its recent high-specification asset strategy, Transocean has placed an order for five newbuild jackup rigs at Keppel FELS shipyard in Singapore. The five rigs will be built to Keppel’s Super B class jackup design and are scheduled for delivery between Q1 2016 and Q3 2017, with a total order price of US$1.1 billion. Additionally, each of the five rig orders comes with an option for an additional jackup order, the first of which must be placed within one year. All five of the newbuild jackups are all being built to the same design as the three high-specification jackups Transocean received from Keppel during 2013 (‘Transocean Ao Thai’, ‘Transocean Andaman’ and ‘Transocean Siam Driller’), all of which are currently operating in Thailand.