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Technical uptime at 99%

Deepsea Metro I is actively marketed for operations world-wide.

 Warm stacked

Whilst operating in a challenging market the rig has been warm stacked between contracts.

There has been high focus on warm stack activities to keep the rig as operable as possible during any idle period and prepared for operations. With technical uptime consistently at or above 99%  under the contracts which have followed idle periods  the stacking strategy and procedures in place have proven to be effective in delivering exceptional performance from day one of the contract.

Contracts:

  • The drillship commence its first contract with BG Group and Ophir Energy offshore Tanzania in late 2011.
  • The contract in Tanzania  ran until November 2014 and the vessel sailed to South Africa where it was anchored until mobilization towards Vietnam following a contract award with VietGazprom.
  • In August 2015 the drillship commenced drilling under the Vietgazprom contract offshore Vietnam until January 2016.
  • In periods between well based contracts, the vessel has been warm stacked at anchorage in Labuan, Malaysia.
  • In the period July to September 2016 the drillship was employed under a well based contract with the Petronas in Malaysia. Following the end of the Petronas contract in September, Deepsea Metro I was moved back to Labuan, Malaysia awaiting further employment.
  • In January 2017, the Deepsea Metro I was awarded a drilling contract for Galoc Production Company WLL offshore Philippines for a period of approximately 4-5 weeks. The contract period consisted of a firm well and an optional side track. Deepsea Metro I started operation 11 April 2017. 
  • In June 2017 the drillship commenced operation for a two well contract in South-East Asia. The firm contract period was approximately 150 days. In late July 2017, the contract was ended prematurely following a Force Majeure event preventing completion of the firm scope.