GlobalSantaFe gets semi, awaits another

March 2, 2005
GlobalSantaFe Corp. has taken delivery of the new Development Driller II ultradeepwater semisubmersible rig in Singapore. The rig will begin sea trials in the Gulf of Mexico in late May and will start a 3-year contract with BP PLC for the Atlantis project in July.

By OGJ editors
HOUSTON, Mar. 01 -- GlobalSantaFe Corp. has taken delivery of the new Development Driller II ultradeepwater semisubmersible rig in Singapore.

The rig is to begin sea trials in the Gulf of Mexico in late May and will start a 3-year contract with BP PLC for the Atlantis project in July.

GlobalSantaFe expects to take delivery of another ultradeepwater semi, GSF Development Driller I, this month, also in Singapore. The rig will begin sea trials in the Gulf of Mexico in June and to begin a 2-year multiwell exploration and development program for BHP Billiton Ltd., Melbourne, in July.

Both rigs are capable of drilling to 37,500 ft in 7,500 ft of water.