GlobalSantaFe lands contract for ‘ultra-deepwater’ Gulf rig - October 10, 2004

Providing coverage of Alaska and northern Canada's oil and gas industryOctober 2004

Vol. 9, No. 41

Week of October 10, 2004

GlobalSantaFe lands contract for ‘ultra-deepwater’ Gulf rig

Ray Tyson

Contract driller GlobalSantaFe said its new-build “ultra-deepwater” semi-submersible drilling rig, GSF Development Driller I, has been awarded a two-year contract by BHP Billiton Petroleum (Americas) for work in the Gulf of Mexico.

The multi-well exploration and development program is expected to begin in April 2005 and has a total contract value of about $157 million, GlobalSantaFe said Oct. 4.

The rig’s design includes 18,000 square feet of useable deck space and more than 7,000 metric tons of variable deck loads. The rig’s dynamic positioning and self-contained mooring systems can be supplemented with up to eight additional mooring lines for increased flexibility in varying conditions, the company said.

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