Hyundai Heavy Industries (HHI) has delivered a semi-submersible drilling rig, the ‘Ocean Greatwhite’ to Diamond Offshore, a Houston, US-based drilling contractor.
The delivery instalment worth 460 billion won (US$395 million) HHI received from the client will help improve HHI’s cash flow.
‘Ocean Greatwhite’, measuring 123 metres in length and 78 metres wide, is capable of operating in waters up to three kilometres deep and drilling down to a depth of 10.67 kilometres from the sea surface.
HHI won the order worth US$630 million to build the rig in 2013 and has delivered four other drillships to the US-based drilling contractor so far.
The rig will be chartered to BP for operation in the Great Australian Bight from October this year.