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For its role in the Deepwater Horizon disaster, a subsidiary of Transocean has agreed to plead guilty to violating the Clean Water Act and to pay $1 billion in civil penalties for violating that ...
GSF Development Driller II is a fifth generation, Vanuatu-flagged dynamic positioning semi-submersible ultra-deepwater drilling rig owned and operated by Transocean.The vessel is capable of drilling in water depths up to 7,500 ft (2,300 m) with drilling depth of 35,000 ft (11,000 m), upgradeable to 37,500 ft (11,400 m).
"Transocean is dominant, but the accident has definitely tarnished its reputation for worker safety and for being able to manage and deliver on extraordinarily complex deepwater projects," said Christopher Ruppel, an energy expert and managing director of capital markets at Execution Noble, an investment bank.
Deepwater Horizon was an ultra-deepwater, dynamically positioned, semi-submersible offshore drilling rig [7] owned by Transocean and operated by the BP company. On 20 April 2010, while drilling in the Gulf of Mexico at the Macondo Prospect, a blowout caused an explosion on the rig that killed 11 crewmen and ignited a fireball visible from 40 miles (64 km) away. [8]
Transocean's Deepwater Horizon offshore oil rig exploded in the Gulf of Mexico more than four months ago, killing 11 of its crew and injuring 17. But the investigation into what happened on April ...
Clearly, Transocean (NYSE: RIG) has been the beneficiary of this foresight along its path. This vision continues to grow and is sharply focused Transocean: Deepwater Is the Way Forward
The prospect was the site of the Deepwater Horizon drilling rig explosion in April 2010 that led to a major oil spill in the region from the first exploration well, named itself MC252-1 (nicknamed also Macondo-1), which had been designed to investigate the existence of the prospect.
Transocean (RIG) RIG offers offshores contract drilling services for oil and gas wells; it specializes in technically demanding regions of the world, with a particular focus on ultra-deepwater and ...