Θ Texas Oil SENSE by yourDragonXi Δ 13th of January 2014 Ω 11:02 AM

ΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞ
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«Oil Sensing of the United States	Θ	Θ
ΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞ

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~ Transocean

»Transocean

News:
ξ HOUSTON, April 7, 2008 (PRIME NEWSWIRE)
ξ Transocean Inc. (NYSE:RIG) announced that the ultra-deepwater drillship Dhirubhai Deepwater KG2 (formerly Deepwater Pacific 2),
ξ which is owned by a joint venture in which the company has 50 percent interest,
ξ has been awarded a five-year drilling contract from Reliance Industries.
ξ The contract is expected to commence in the first quarter 2010 following
ξ shipyard construction, sea trials, mobilization to India and customer acceptance.
ξ Contract revenues which could be generated over the first six months and
ξ remaining 54 months of the contract period are estimated to be $90 million and $838 million, respectively.
ξ In addition, Transocean announced that the first ultra-deepwater drillship owned by the joint venture,
ξ Dhirubhai Deepwater KG1 (formerly Deepwater Pacific 1), has now had its previously announced four-year contract extended by Reliance to five years.
ξ Contract revenues which could be generated over the first six months and
ξ remaining 54 months of this contract period are estimated to be $90 million and $838 million, respectively.
ξ The drilling contract is still expected to commence in the third quarter of 2009,
ξ following shipyard construction, sea trials, mobilization to India and customer acceptance.
ξ In October 2007, Transocean announced that a subsidiary exercised its option to purchase a 50 percent interest in a joint venture company with Pacific Drilling Limited ("Pacific Drilling").
ξ The joint venture company owns the two ultra-deepwater Samsung-design drillships that are currently under construction in South Korea.
ξ The two drillships are currently under construction at Samsung Heavy Industries' shipyard in South Korea
ξ where the Transocean subsidiary is overseeing construction.
ξ The new drillships feature National Oilwell Varco drilling packages
ξ that include advanced offshore drilling technology, including significant off-line tubular-handling and
ξ stand-building capabilities, advanced mud system designs, advanced systems for building, storing and running several subsea trees
ξ and efficient riser and BOP (blowout preventer) handling systems.
ξ The drillships will have a variable deckload of approximately 20,000 metric tons.
ξ Dhirubhai Deepwater KG1 will be equipped to work in water depths of up to 12,000 feet and
ξ outfitted to construct wells up to 35,000 feet deep.
ξ The estimated delivered cost for the Dhirubhai Deepwater KG1, including customer reimbursed equipment,
ξ is approximately $685 million, excluding capitalized interest.

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