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South Korea: ultra-deepwater drillship

Atwood Oceanics Pacific Limited (AOPL), has executed a turnkey construction contract with Daewoo Shipbuilding and Marine Engineering Co., Ltd (DSME) to construct an ultra-deepwater drillship, to be named the Atwood Advantage, at the DSME yard in South Korea. Delivery is expected for September 30, 2013 at a total cost, including project management, drilling and handling tools and spares, of approximately USD 600 million. The Atwood Advantage will be a DP-3 dynamically-positioned, dual derrick ultra-deepwater drillship rated to operate in water depths up to 12,000 ft and to drill to a depth of 40,000 ft. It will also have enhanced technical capabilities, including three 100-ton knuckle boom cranes, a 7-ram blowout preventer, a 165-ton active heave "tree-running" knuckle boom crane and 200 person accommodations.