Rig deal targets drilling records

Paganie, David
April 2006
Offshore;Apr2006, Vol. 66 Issue 4, p18
Trade Publication
This article reports that Chevron has signed three contracts with Transocean for lease extensions and construction of an oil well drilling rig with the ability to drill down to 40,000 feet total vertical depth in maximum 12,000 feet of water. This trio of transactions could exceed Transocean and Chevron's world records for deepest well drilled and water-depth drilling. The double-hulled drillship Discoverer Clear Leader will undergo a 30-month construction phase at Okpo, South Korea-based Daewoo Shipbuilding and Marine Engineering Yard Co. Ltd.


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