Transocean to sell all jack-up fleet to Norwegian offshore drilling contractor, Borr Drilling

In our opinion, it is very interesting decision made by Transcoean to sell all jack-up fleets to Norwegian offshore drilling contractor, Borr Drilling. With current oil market situation, Transocan has made decision to stay only deep water drilling.

Please feel free to share your thought about this. 

News by Offshore Energy Today 

Norwegian offshore drilling contractor Borr Drilling, formerly known as Magni Drilling, is planning to buy 15 jack-up drilling rigs from Swiss-based Transocean for $1.35 billion.

Borr Drilling announced on Monday the signing of a letter of intent with Transocean for the acquisition of 15 high-specification jack-up rigs.

The transaction consists of Transocean’s entire jack-up fleet, including ten rigs already in the fleet and five newbuilds under construction at Keppel FELS Limited, which Transocean has been postponing for a while now. The latest agreement with Keppel entailed the deferral of the five new jack-ups until 2020. Continue reading

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Perro Negro 6 Jack Up Rig Capsized and Sank – Oilfield Safety

Perro Negro 6 Incident – Jack up rig capsized and sank was happen few year ago but we would like to share this case as a case study. You can watch what happen in the video below.

It is clearly seen that the rig capsized and sank in just few minutes. Jack up rig move is one of the most hazardous operation. Before a rig is moved, total number of people on board will be kept at minimum for operating the operation and non essential personnel will not be allowed on the rig.   There are several considerations that rig contractors and operators must be agreed before commencing any rig move operation. For this case, we would like to emphasize that even though all safety is in place, the bad thing can be happened.

Story from News Continue reading

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