Who is dreco rig equipment?

Since 1972, Dreco has led the industry in the design and construction of drilling rig structures and machinery. Dreco was first started in 1972 as Pyramid Steel before changing its name to Derrick and Rig Equipment Co. in 1976.

How many meters can a new rig Drill?

The new rigs share design features, each with a length of 228 meters and 42 meters wide. Both can drill up to 12,000 meters in the deep-sea and have capacity to accommodate 200 personnel. Turkish maritime media reports that the two new drillships will be deployed in the Mediterranean, north of Cyprus, and in the Black Sea.

How much does a Seadrill drillship cost?

The price was estimated at $490 million for both. Seadrill ordered these two drillships for $1.1 billion back in 2013, just before the offshore downturn. However, there was no market for them at the time of their completion, and after several deferrals, Seadrill ultimately canceled the order in 2018.

What happened to Seadrill drillships?

However, there was no market for them at the time of their completion, and after several deferrals, Seadrill ultimately canceled the order in 2018. Eldorado – a Norwegian venture created to buy disused drillships for charter or resale – swooped in to buy them at a steep discount in 2023-24, with marketing support from Diamond Offshore.

When will Seadrill rig arrive in Labuan?

The rig is expected to arrive in Labuan on April 18. The drillship was originally ordered in 2013 by Seadrill. However, the order was canceled in the wake of the offshore drilling contractor’s restructuring quest in 2018.

How many drilling ships does TPAO have?

The acquisition of these two drilling ships brings TPAO’s drilling fleet to six ships. The company’s four existing drilling ships, “Fatih,” “Yavuz,” “Kanuni,” and “Abdulhamid Han”, are currently engaged in development drilling operations at the Sakarya oil field, which is estimated to contain 540 billion cubic meters of natural gas.