Ultra deep water drilling ship market demand rises

Seadrill, the world's leading drilling operator, announced on the 15th that it has ordered four 12,000-foot ultra-deepwater drilling vessels to be delivered in the second half of 2015 at Daewoo Shipbuilding Marine and Samsung Heavy Industries. At the same time, Seadrill signed two alternative orders at the same price, with delivery dates scheduled for the first half of 2016.

Seadrill said in the customized project that the company analyzed the future demand of the ultra-deep water drilling market, and the global average daily production of ultra-deep water crude oil will increase from the current 1 million barrels to 5 million barrels after 6 years. In order to meet their needs, it was decided to order a new drilling ship.

At present, the deepwater drilling fleet of about 20 years is about 49%. The 4th and 5th generation drilling vessels cannot meet the new requirements of oil companies.

Since Seadrill was established in 2005, the utilization rate of the global ultra-deepwater drilling fleet has remained at 100%. Currently, the number of orders for drilling vessels delivered in 2014-16 is 39, and it may be fully absorbed by the market. The daily average freight rate of drilling vessels is expected to continue to maintain a high level.

At the same time, the company is carrying out a new project of approximately $19 billion drilling vessels (9 ultra-deepwater drilling vessels, 2 semi-submersible drilling platforms, and 11 jack-up rigs). It is expected that the drilling vessels delivered in 2014 may be quite The attractive freight signing the charter contract will continue the new drilling ship project in the next few months.

The new projects for deepwater drilling vessels scheduled to be delivered in 2015 do not exceed the predicted value, including only 7 newbuildings, which have not yet signed a charter contract.

Prior to the second half of 2016, the possibility of a large-scale deepwater drilling ship new project by its competitor drilling ship company was very low, and supply and demand were almost balanced, so it can be expected to maintain high profitability.

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