A Transocean subsidiary has taken delivery in late December of the eighth generation ultra-deepwater drillship Deepwater Titan, according to Singaporean shipbuilder Sembcorp Marine
A sister vessel to Deepwater Atlas delivered earlier in 2022, Deepwater Titan is the world’s second eighth-generation drillship based on the Sembcorp Marine Group’s Jurong Espadon 3T design.
The dual-derrick drillship is reportedly the first-ever unit delivered with two 20,000-psi blowout preventers (BOPs), well-control, riser, and piping systems for high-pressure and high-temperature drilling and completion operations. Deepwater Titan is equipped with three-million-pound hook-load hoisting capacity and capabilities to drill up to 12,000 m and operate in waters of 3,700 m.
Designed for enhanced safety, efficiency and sustainability, Deepwater Titan incorporates greener features for energy efficiency, fuel optimisation and reduced emissions consistent with the industry’s goal of contributing to a lower carbon future.
It will go on a five-year charter with Chevron in the US Gulf of Mexico starting in Q2 2023 at a day rate of US$455,000, according to Transocean’s latest fleet status report.
Sister vessel Deepwater Atlas is already under charter to Beacon for a drilling campaign in the US GoM.
In early December, Transocean reported awards for its ultra-deepwater drillships,Deepwater CorcovadoandDeepwater Orion,for work offshoreBrazil. Together the two contracts represent US$1.04Bnin firm backlog.
Deepwater Corcovadowas awarded a four-year contract, which contributes an estimatedUS$583Min backlog and is expected to begin in Q3 2023 in direct continuation of the rig’s current contract.
Deepwater Orionwas awarded a three-year contract, which contributes an estimatedUS$456Min backlog and is expected to start in Q4 2023.
