Three drillships ordered for deep water

Drilling contractors have let construction contracts for three drillships following receipt of long-term charters for deepwater exploration. Transocean Offshore Inc., Houston, let two contracts to Astilleros Espa?oles SA, Madrid, for construction of sister drillships to operate in the Gulf of Mexico under charter to Unocal Corp. and Chevron Corp. Meanwhile, BHP Petroleum Pty. Ltd. issued a letter of intent to Global Marine Inc., Houston, for a deepwater drillship. The contractor then let a $300 million construction contract to Harland & Wolff Holdings plc, Belfast. The contracts are the latest in a spate of deepwater drillship projects that began in late 1996 when Conoco ...

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