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RIL has awarded a five-year drilling contract to a joint venture of Transocean and Pacific Drilling to construct and operate a brand new ultra-deepwater drillship to boost its eastern offshore exploration campaign
Reliance Industries Ltd (RIL) has leased a brand new ultra-deepwater drillship to boost its eastern offshore exploration campaign, reports PTI.
"The newly-built ultra-deepwater drillship ‘Dhirubhai Deepwater KG2’ commenced operations for RIL in India under a five-year drilling contract," Transocean Ltd, which built the rig, said in a statement.
RIL had awarded a five-year drilling contract to a joint venture of Transocean and Pacific Drilling to construct and operate the drillship. RIL will pay $495,000 per day for the Samsung-designed drillship for the first six months and $510,000 per day for the remaining period of the contract.
"The dynamically positioned ‘Dhirubhai Deepwater KG2’, one of the 24 ultra-deepwater floaters in the Transocean fleet, includes the most advanced drilling capabilities in the offshore drilling industry," the statement said.
Transocean is also building an enhanced Enterprise-class drillship, named ‘Discoverer India’, for RIL. Operations are expected to commence during the fourth quarter of 2010.
RIL will pay a day rate of $537,000 for the first six months for ‘Discover India’ and $557,000 for the remaining period of the initial five-year contract. The company can extend the term of the drilling contract to seven or 10 years.
The company currently has four deep-sea drill rigs from Transocean for exploratory and development drilling in its portfolio of blocks that includes gas discovery blocks D6 and NEC-25.
Satish Agrawal
1 decade agoThis is some interesting news for us.
With all international operators now working on various oil and gas finds in the KG Basin, near Kakinada, in India, Project Sales Corp looks forward to servicing the oilfield consumables requirements direct and through tier I suppliers in the region.
Project Sales Corp, one of the leading MRO (Maintenance-Repair-Overhaul) products distributors in India, now extends their product portfolio to cover key brands used in the oil & gas industry.
With already well known brands like Dow Corning, Molykote, Devcon, Magnaflux, Dupont, WD-40, 3M, Kennedy, Bacou Dalloz, Matlock, Tuff-safe, Recoil, Hylomar, Snap-on, Cromwell, CRC and many others in its range, Project Sales Corp now has added key oilfield MRO brands in its portfolio including Jet-lube, Gojo, Copaslip, Brady, etc to broaden its range to offer a complete portfolio of products required by the operators in the region.
The product categories already well covered by Project Sales Corp includes cleaners and degreasers, gasket makers and sealants, inserts and thread repair products, maintenance aerosols from CRC and BTS, Lubricants from Petro-Canada, Specialty Lubricants from Molykote, Silicone Compounds from Dow Corning, Magnaflux NDT products, Snap-on Hand Tools, 3M PPE range, Abrasives and Adhesives range, Dupont Sontara Industrial Wipes, Maintenance Epoxies, HSE products from Bacou Dalloz, Fall protection from Miller, and many more.
With over 750 skus for sale to industry that would find application in the oil & gas markets as well and a large inventory of Jetlube Kopr-kote, Gojo Hand Cleaners, Copaslip, LOTO and Facility Identification products from Brady, Project Sales Corp would be able to offer an unmatched range of consumables from a single source in the region.