Friday, December 30, 2011

For Investors Only -- Top 5 Managers for Ordering Newbuilds

Rigzone link here.

#5: Transocean (RIG)
2011: ordered 5 offshore drilling units; elected not to exercise option for 2 additional units; Daewoo, South Korea
#4: Standard Drilling
Company founded in 2010, pure ply premium jackup company
2011: ordered six jackups; Keppel FELS, Singapore; first unit to arrive 2013
#3: Maersk Drilling
2011: ordered 6 offshore drilling units; 4 drillships from Samsunng, South Korea; two jackups from Keppel FELS, Singapore
#2: Petrobras
2011: Petrobras and Estaleiro Atlantico Sul joined forces to create Sete Brasil to meet Petrobras' need for pre-salt drilling activities. Will build 7 deepwater rigs. The rigs are being built in Brazil. Delivery dates for the rigs are expected between early 2015 and early 2018.
#1: Noble
2011: ordered 8 offshore drilling units; four drillships, Hyundai, South Korea; 7 deepwater units under construction with delivery dates now through end of 2014; fleet will total 28 deepwater units

Side note: South Korea is also manufacturing the major components of onshore oil processing facilities; see "Megaloads" tag at bottom of blog. What is it about South Korea that seems to make it #1 in such endeavors? Rhetorical question; don't answer, but it's another industry the US let slip away, and it can't be blamed on the current or the previous administration.

Look how far and how fast Petrobras has come.