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DSME delivers drill ship to Transocean on schedule

DSMEDaewoo Shipbuilding & Marine Engineering Co. (DSME) said on Tuesday that it is on schedule to deliver this year’s five orders in offshore drilling facilities by October after it shipped off on Tuesday a drill vessel ordered by U.S.-based Transocean.

The Korean shipbuilder won the 620 billion won ($539.2 million) order from the world’s largest offshore drilling contractor in 2012. The DSME-12000 model is 238-meter long and 420-meter wide, the largest drill ship developed by DSME. Built for deep-sea drilling, it is capable of drilling up to 12 km in sea as deep as 3.6 km.

Transocean, one of DSME’s loyal clients, signed its first deal with the company in 2006 and so far has ordered 12 drill ships. The contractor has remained a trusted partner of DSME, paying most of its delivery payment up front despite the market slump.

This is DSME’s eleventh drill ship to be delivered to Transocean, with the remaining one to be sent in October. DSME has delivered three of the five offshore platforms due this year.

The Original Posted By Moon Ji-woong/maeil Business News korea