Infill Thinking Lifting the O&G knowledge curve
Thanks in part to the renewed exploration push in the UK, Transocean just announced two new contracts for the Transocean Spitsbergen (a 2009-built UDW HDHE semi) for Statoil drilling programs. The dayrate is near break-even, but that’s the least interesting thing about these contract awards…
Digging deeper, a $27mm difference in the contract value disclosed by the contractor vs. the operator here appears to be largely explained by a new bundling feature Transocean is offering. Is this the start of a trend, a one-off experiment, or a contracting gimmick? We discuss…
There’s a lot more to this story…
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