Egypt, Elsewedy review progress on Ain Sokhna phosphate complex    US employment cost index 3.6% up in year to June 2025    Egypt welcomes Canada, Malta's decision to recognise Palestinian state    Pakistan says successfully concluded 'landmark trade deal' with US    Sterling set for sharpest monthly drop since 2022    Egypt, Brazil sign deal to boost pharmaceutical cooperation    Modon Holding posts AED 2.1bn net profit in H1 2025    Egypt's Electricity Ministry says new power cable for Giza area operational    Egypt's Al-Sisi, Italian defence minister discuss Gaza, security cooperation    Egypt's FM discusses Gaza, Nile dam with US senators    Aid airdrops intensify as famine deepens in Gaza amid mounting international criticism    Egypt exports first high-tech potato seeds to Uzbekistan after opening market    Health minister showcases AI's impact on healthcare at Huawei Cloud Summit    On anti-trafficking day, Egypt's PM calls fight a 'moral and humanitarian duty'    Egypt strengthens healthcare partnerships to enhance maternity, multiple sclerosis, and stroke care    Egypt keeps Gaza aid flowing, total tops 533,000 tons: minister    Indian Embassy to launch cultural festival in Assiut, film fest in Cairo    Egyptian aid convoy heads toward Gaza as humanitarian crisis deepens    Culture minister launches national plan to revive film industry, modernise cinematic assets    I won't trade my identity to please market: Douzi    Sisi sends letter to Nigerian president affirming strategic ties    Two militants killed in foiled plot to revive 'Hasm' operations: Interior ministry    Egypt, Somalia discuss closer environmental cooperation    Egypt's EHA, Huawei discuss enhanced digital health    Foreign, housing ministers discuss Egypt's role in African development push    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Transocean rig leaving Gulf of Mexico for Egypt
Published in Daily News Egypt on 17 - 09 - 2010

Transocean Ltd said on Tuesday that one of its dozen rigs in the deepwater Gulf of Mexico would be taken to Egypt next week, while remaining under contract with Statoil.
It is the second rig owned by the world's largest offshore drilling contractor to leave the region since the disaster in April that claimed its Deepwater Horizon rig. An explosion on that rig, which was contracted to BP Plc led to an environmental disaster and a US moratorium on deepwater drilling. Earlier on Tuesday, the Interior Department said it was unlikely to extend the moratorium beyond Nov. 30, when it is due to end.
Norway's Statoil will pay $486,000 a day for the Discoverer Americas, $4,000 more than before, when the new five-month contract starts in October in Egypt.
The rig is then due back in the Gulf of Mexico next March at the same rate, under a contract running until November 2013.
In July, Diamond Offshore Drilling Inc agreed with client Devon Energy Corp to transfer a rig to Egypt for a different operator for a year. Transocean said earlier this month that its Marianas rig was heading out of the Gulf of Mexico with Italy's Eni, bound for West Africa.
Transocean said in its fleet update report on Tuesday that it had pulled two of its shallow-water rigs temporarily out of service due to lack of demand. That brings the number of Transocean jackups idle or "stacked" to 29 out of 65. The GSF Labrador, in the UK North Sea, had earned $90,000 a day before its contract ran out in July, while the Roger W. Mowell earned a dayrate of $150,000 in Malaysia up until August.


Clic here to read the story from its source.