This looks like the era of fat deep offshore drilling operations deals. So far TransOcean and GSF are blazing the trail, whose next?. Here we go with the latest from GSF:
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HOUSTON, March 2, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Worldwide oil and gas drilling contractor GlobalSantaFe Corporation (NYSE: GSF) today announced that it has entered into a letter of intent with a customer to provide a new ultra- deepwater, semisubmersible drilling rig under a seven-year agreement valued at approximately $1 billion.
GlobalSantaFe has contracted Keppel FELS Ltd. to build the new rig, to be named the GSF Development Driller III, at its Singapore shipyard for delivery in early 2009. The estimated construction cost is approximately $590 million, including shipyard costs, owner-furnished equipment, project management costs and general contingencies.
GlobalSantaFe President and CEO Jon Marshall said, "We are very pleased to be able to expand our ultra-deepwater fleet with a state-of-the-art newbuild rig backed by a seven-year commitment that extends to 2016."
Full Story here => http://www.globalsantafe.com/invest/frames/newsfr.html
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