Monday
Jan302012

Sonardyne takes first drillship order for DP Inertial Navigation system

Sonardyne International has taken its first order for a Dynamic Positioning Inertial Navigation System (DP-INS). Vantage Drilling’s new 12,000 feet-rated drillship, Dragonquest, is set become the first deep water drilling unit in the world to be equipped with the new system when it begins operations in the Gulf of Mexico for Petrobras later this year.

Traditionally, an acoustic positioning system and two separate DGPS systems are used. However, a vulnerability remains should the acoustics be affected by aeration and noise and both GPS systems be simultaneously affected by signal disruption. The latter is particularly common around equatorial regions and during periods of high solar radiation. Solar activity is currently increasing and is forecasted by NASA to peak in 2013.

Consequently, there is a recognised need amongst operators for a third, independent DP reference that would allow safe rejection of a positioning error in one of the other two reference types

DP-INS combines the complementary characteristics of Sonardyne’s Long and Ultra-Short BaseLine (LUSBL) positioning technology, with high integrity inertial measurements from its Lodestar AHRS/INS platform. The resulting output is resilient to short-term acoustic disruptions and completely independent from GPS.

A single navigation solution is computed and output to a display with intuitive status and quality metrics. Standard output telegrams are available for Converteam, L3, Rolls Royce, Navis and Kongsberg DP systems.

In addition to the system’s deep water positioning performance and safety benefits, Sonardyne DP-INS delivers valuable costs savings. It can be used with fewer acoustic transponders deployed on the seabed, significantly reducing set-up time following a vessel’s arrival on location. The system also only needs occasional aiding from the acoustic system, extending transponder battery life and reducing maintenance operations.

Spencer Collins, Senior VP International Sales said, “We are delighted to be installing DP-INS onboard Dragonquest. The trials over the last year have successfully demonstrated to vessel owners and operators like Petrobras, that Sonardyne can now offer acoustically aided INS tailored for safe and efficient dynamic positioning operations.”

For more information about DP-INS click here

About Vantage Drilling 
Vantage Drilling Company is an offshore drilling contractor focused on providing ultra-deepwater offshore drilling and high-specification shallow water drilling solutions. Through direct ownership interests or supervision and management arrangements, Vantage offers the offshore exploration and development industry a series of newly built mobile offshore drilling units. Visit www.vantagedrilling.com for more infromation. 

Wednesday
Jan182012

Vantage, An Oil Drilling Stock Poised To Double In 2012

Financially, the company is making impressive progress, and revenues have surged in 2011, as new equipment and contracts came into play. This has allowed the company to greatly narrow losses, and Vantage is now close to earning profits. Improving dayrates should have a further positive impact on the results in 2012. Adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) nearly doubled in 2011 when compared with 2010 results.

Read Full Article - SeekingAlpha.com

Monday
Jan162012

Technip brought in for Dalian Developer plan

Multi-purpose drillship set to become oil spill response unit with capacity to capture, process and store crude.

Read Full Article - UpStream Online (subscription required)

Friday
Dec162011

Aker Wirth Equips Vessel Tungsten Explorer with Its Mud Pump from TPK 2200 Series

The 15 December 2011 marked delivery by Aker Wirth of the 250th mud pump in the TPK 2200 series. Following its successful trial run, the jubilee pump is now on its way to Korea.

It will be installed there as one of four pumps in the “Tungsten Explorer” deep sea drilling vessel project from Vantage Drilling being realised at the DSME shipyard. This drilling vessel will be drilling the seabed several kilometres deep all around the world from 2013 in water depths of up to 3600 m to explore oil and natural gas fields.

Read Full Article - Shipbuilding Tribune

Monday
Nov072011

Vantage, DSME agree terms for deepwater drillship

Daewoo Shipbuilding and Marine Engineering (DSME) is to construct an ultra-deepwater drillship (Tungsten Explorer) for Vantage Drilling.

This is a fixed-price turnkey contract, with delivery scheduled for May 31, 2013. The cost, including project management, commissioning, spares, pre-delivery crew costs, and inventory, should be in the range $580-590 million. There is also a fixed-price option for the purchase of an additional drillship.

Read Full Article - Offshore

Friday
Jun172011

Aker Solutions wins drilling equipment contract

Aker Solutions has won a contract from Daewoo Shipbuilding & Marine Equipment to supply a complete drilling equipment package for a new deepwater drill ship.

The contract is worth about NOK 540 million. The drill ship will be owned and operated by Tungsten Explorer Company, a subsidiary of Vantage Drilling Company (NYSE Amex: VTG).

Read Full Press Release - Aker Solutions

Thursday
Jun022011

Vantage nears Aquamarine spinoff

Houston-based offshore drilling contractor Vantage Drilling Company is one step closer to spinning out jack-up rig Aquamarine Driller to subsidiary Offshore Group Investment (OGI) following the closure of OGI’s $225 million notes offering.

Read Full Article - UpstreamOnline (subscription required)

Tuesday
May102011

Vantage contracts Daewoo for new drillship

Vantage Drilling has entered into an agreement with Daewoo Shipbuilding and Marine Engineering to construct an ultra-deepwater drillship, further expanding the company's ultra-deepwater drilling fleet.

Read Full Article - UpstreamOnline (subscription required)

Thursday
Mar102011

Vantage gets Aker drillship role

Vantage Drilling has secured a contract from Norway’s Aker Drilling to supervise construction of two ultra-deepwater drillships at South Korean yard Daewoo Shipbuilding & Marine Engineering (DSME).

Read Full Article - UpstreamOnline (subscription required)

Tuesday
Dec142010

Vantage Awarded Drilling Contract in South East Asia Worth $77.9 Million

Vantage Drilling Company announced today a contract award for a drilling program in Southeast Asia consisting of two wells plus an option well. The anticipated duration of the first two wells is fourteen months. The contract is anticipated to commence in the third quarter 2011 utilizing the Topaz Driller, or alternatively the Emerald Driller or Aquamarine Driller.

Read Full Article - Offshore Energy Today