Upgrading Victory-class semisubmersibles cost-effective

05/02/2005
Now that building a new fifth-generation semisubmersible would cost more than $400 million, the upcoming $250-million upgrade of Victory-class semisubmersible Ocean Endeavor appears a relative bargain. Click here to enlarge imageDiamond Offshore Drilling Inc. owns 7 of the 10 ODECO Ocean Victory-class semisubmersibles that were built in the 1970s for the North Sea and has a newly announced contract to buy another (Table 1).Les Van Dyke, director of investor relations at DODI, told OGJ that the Victory hulls were overbuilt, resulting in “superstrong structures with long fatigue life,” but configured for relatively shallow water. In order to modernize the fleet to serve the dee...
read-story

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.

 

Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected