GE’s Power Conversion business has signed a multi-million dollar contract with Hyundai Heavy Industries (HHI) of South Korea to supply electric power, propulsion systems and drilling drives for a newbuild ultra-deepwater semisubmersible drilling rig the yard is building for Seadrill Ltd.
The sixth generation rig West Mira is expected to work in either the North Sea or offshore Canada. “By using our diesel electric power and propulsion technology the components like generators, drives, controllers and switchboards will be optimised to provide an efficient system arrangement and increase overall system availability. This is a necessary requirement for reliable position keeping capabilities and for electrical drilling operation needs”, said Paul English, marine vertical leader at GE’s Power Conversion business.
The sixth generation semisub, based on a Moss Maritime CS60 design, will be built in accordance with Norwegian regulatory body Det Norske Veritas’ (DNV) dynamic positioning DP3 class.
The West Mira will be capable of drilling wells up to 12,192 m (40,000 ft) deep in up to 3,048 m (10,000 ft) of water.
Recommended Reading
California Resources Corp., Aera Energy to Combine in $2.1B Merger
2024-02-07 - The announced combination between California Resources and Aera Energy comes one year after Exxon and Shell closed the sale of Aera to a German asset manager for $4 billion.
APA Closes $4.5B Callon Deal, Deepening Permian Roots
2024-04-01 - About two-thirds of Apache’s daily production will come from the Permian Basin after APA Corp. completed its $4.5 billion takeout of Callon Petroleum.
Matador Hoards Dry Powder for Potential M&A, Adds Delaware Acreage
2024-04-24 - Delaware-focused E&P Matador Resources is growing oil production, expanding midstream capacity, keeping debt low and hunting for M&A opportunities.
Civitas, Prioritizing Permian, Jettisons Non-core Colorado Assets
2024-02-27 - After plowing nearly $7 billion into Permian Basin M&A last year, Civitas Resources is selling off non-core acreage from its legacy position in Colorado as part of a $300 million divestiture goal.
Matador Bolts On Additional Interest from Advance Energy Partners
2024-02-27 - Matador Resources carved out additional mineral and royalty interests on the acreage it acquired from Advance Energy Partners for $1.6 billion last year.