Transocean’s 20k PSI Newbuild Drillships to Cost $2,25B

Offshore drilling company Transocean expects its two ultra-deepwater drillships under construction in Singapore to cost it $2,25 billion in total, more than a double on the original order price.

Transocean first ordered the drillships – now named the Deepwater Titan and the Deepwater Atlas – on speculation from Sembcorp Marine’s Jurong Shipyard in 2014 for a price of $540 million each, and for delivery in 2017 and 2018, but the delivery dates have been put off several times.

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