Rig: Valaris DS-3

Name Valaris DS-3
Owner Valaris PLC
Manager Valaris PLC
Rig Type Drillship
Sub Type Ultradeep Water
Jackup Type --
Max Water Depth (ft) 10000
Max Drill Depth (ft) 40000
Dimensions (ft) 750 x 138 x 62
Leg Length (ft) --
Competitive Yes

Current Location

Country --
Region --

Drilling Equipment

Drawworks Type National Oilwell Varco SSGD-5750
Drawworks HP 5750
Mud Pumps Type National Oilwell Varco 14-P-220 Triplex
Top Drive National Oilwell Varco HPS-1000
Hookload Capacity (lbs) 2000000

Rig Construction Details

Rig Design Samsung
Rig Model S10000E
Year Built 2010
Country of Build South Korea
Yard Name Geoje (Koje) Shipyard
Group Yard Name Samsung Heavy Industries (SHI)

Rig Contract Details

Operating Status Retired


1 Sep 2010

Pride International, Inc. Updates Status on Deepwater Drillship Deep Ocean Ascension

Pride International, Inc. (NYSE: PDE) today announced that it has reached agreement with BP Exploration & Production Inc. (BP) to amend the contract for the Deep Ocean Ascension to provide for a special standby dayrate prior to the startup of the previously agreed five-year term. The Ascension, the first of four new drillships in Pride's ultra-deepwater expansion, is currently in the Gulf of Mexico undergoing integrated acceptance testing with BP. The special standby dayrate of $360,000 is effective beginning August 23, 2010, and gives consideration to the existing drilling moratorium in the U.S. Gulf of Mexico. This special standby dayrate will remain in effect until the earlier of April 1, 2011 or the date the rig begins mobilization to its first drilling site, either within or outside the U.S. Gulf of Mexico. The rig will then begin earning the applicable dayrate as already defined in the existing contract for the five-year term, which was unchanged by the amendment. The Company is currently working closely with BP in an effort to find a suitable drilling location in their worldwide portfolio as quickly as possible.

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