Noble Drilling (U.S.), Inc. reported it has placed an order with Hyundai Heavy Industries for the construction of two ultra-deepwater drillships. The rigs will be built in Hyundai’s Ulsan, South Korea, facility, with shipyard deliveries scheduled for the second and fourth quarters of 2013. The delivered cost of each ship is expected to be $605 million, including the turnkey construction contract, company-furnished equipment, project management, and spares, but excludes capitalized interest.
The contract also includes a fixed-price option for up to two additional drillships, which must be exercised by early May 2011. The rigs are based on a Hyundai Gusto P10000 hull design and will be able to drill in up to 12,000 fsw. The units will have DP-3 station-keeping abilities as well as the ability to handle two complete BOP systems. The rig orders will increase Noble’s floating rig fleet to 26 units, 14 of which are kept in place via dynamic positioning systems. The initial delivery will be deployed on the recently announced five and one-half year contract Noble signed with Royal Dutch Shell. Operations will begin 90–120 days after delivery of the rig in the second quarter of 2013. The contract will be modeled on the ...