Five vie for Rosebank newbuild

Bids: John Watson, Chevron’s

ROB WATTS

By Iain Esau and Tan Hwee Hwee London and Singapore

 14 June 2012 22:59 GMT

Five drilling contractors are set to submit bid documents to US ­supermajor Chevron this month, vying to provide it with a newbuild rig that will be used on its challenging Rosebank project on the UK Atlantic Margin.

The quintet competing for a multi-year charter contract consists of Seadrill, Fred Olsen Energy, Transocean, Stena Offshore and Odfjell, said industry ­sources.

Both Seadrill and Fred Olsen are understood to be offering rigs ­already on order, while the ­remaining trio are in talks with Asian yards in Singapore and South Korea to secure slots.

It is unclear which contractors have tied up with which yards, although Odfjell is thought to be in talks with Daewoo Shipbuilding & Marine Engineering.

Seadrill has one semi-­submersible, called West Mira, on order at Hyundai Samho Shipyard, with delivery…

Become an Upstream member!

Membership includes a subscription to our weekly newspaper providing in-depth news from the energy industry, plus full-access to this site and its archives. Still not convinced? Try our free trial.

Already a member?

Login

Upstream share price index