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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: ChanceIs who wrote (70456)	9/5/2006 1:18:11 PM
From: Sharp_End_Of_Drill	Read Replies (2) \| Respond to of 206327

I'm struggling a bit with the notion TDW would stand to benefit much from a new field - or even a new trend. They are a boat company so they, or somebody else like Chouest, could perhaps secure a multi-year contract for a couple of supply boats to support a drilling rig, or a very short term piece of work to hook up the moorings on a production vessel. So far the work on Jack has been via DP rig, so there are no moorings on the drilling vessel. In answer to your question about lengths of chain/wire - figure approx. 2x water depth, and either 12 or 16 lines on the production vessel. BP's Atlantis was just hooked up by the HMC Balder which took a couple of weeks. During that time they had the Edison Chouest, an anchor handling boat, assisting. The real beneficiaries of this announcement are the deepwater rig operators. What the press release didn't mention is this well took around a year to drill with a high spec. rig. Developing this trend would take a good number of high spec. rigs for a good number of years.