Houston-based Transocean Inc.‘s deepwater drillship Deepwater Pathfinder, a single-activity rig capable of drilling in water depths up to 10,000 feet, has been awarded a five-year contract by a subsidiary of Italy’s Eni for operations primarily in the U.S. Gulf of Mexico. Transocean estimated contract revenues over the five year period as high as $1.19 billion. The contract is scheduled to commence in March 2010, following completion of the rig’s existing contract commitments. The Deepwater Pathfinder drillship, which entered service in 1998, is one of 39 High-Specification Floaters in the Transocean fleet, 18 of which are Ultra-Deepwater Floaters capable of drilling in water depths of 7,500 feet or greater.

©Copyright 2008Intelligence Press Inc. All rights reserved. The preceding news reportmay not be republished or redistributed, in whole or in part, in anyform, without prior written consent of Intelligence Press, Inc.