Photo Release -- Transocean Ltd. Announces Ultra-Deepwater Drillship Discoverer Clear Leader Begins Five-Year Contract With Chevron
A photo accompanying this release is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6493
The dynamically positioned, double-hulled Discoverer Clear Leader 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
The Discoverer Clear Leader's features include Transocean's patented dual-activity drilling technology, which allows for parallel drilling operations designed to save time and money in deepwater well construction, compared with conventional rigs. The dual-activity technology, along with a new and enhanced top drive system, an expanded high-pressure mud-pump system, expanded completions capabilities and other unique features of the drillship target the drilling of wells up to 40,000 feet of total depth. The rig also has a variable deckload of more than 20,000 metric tons and the capability of drilling in water depths of up to 12,000 feet.
In addition to the Discoverer Clear Leader, Transocean has four other enhanced Enterprise-class drillships in various stages of construction or preparation for initial contracts which are scheduled to commence operations in 2009 and 2010. Those four vessels, all of which have drilling contracts, are the Discoverer Americas, Discoverer Inspiration, Discoverer India and Discoverer Luanda. Another four Transocean newbuild ultra-deepwater floaters, which also have drilling contracts, are scheduled to commence operations in the next two years, including the Deepwater Champion, Dhirubhai Deepwater KG2,
Statements regarding the enhanced Enterprise-class rig, operating specifications, contract durations, revenues, cost, duration, area of operations, as well as any other statements that are not historical facts, are forward-looking statements that involve certain risks, uncertainties and assumptions. These include but are not limited to operating hazards and delays, actions by customers and other third parties, factors affecting the duration of contracts including well-in-progress provisions, the actual amount of downtime, factors resulting in reduced applicable dayrates, the future price of oil and gas and other factors detailed in the company's most recent Form 10-K and other filings with the