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Strategies & Market Trends : Dividend investing for retirement -- Ignore unavailable to you. Want to Upgrade?

To: JimisJim who wrote (10648)	12/29/2011 4:55:38 PM
From: Sergio H	Read Replies (3) \| Respond to of 34328

<Average for such rigs is in the $200K - $450K range> Hi Jim. I was looking at the numbers for SDRL as well and I come up with SDRL making a pretty good deal. The avg. day rate for a tender is $131,000 according to this website: rigzone.com The news link that Ditch posted was for a semi-tender and the day rate for this deal is almost double current avg. prices: http://www.seadrill.com/modules/module_123/proxy.asp?C=42&I=2458&D=2&mid=179 The reason for the difference in day rates for semi-tenders and semi-submersibles. <...the semi-tender as a cost-effective deep-water development drilling solution in addition to its offshore safety features. The cost savings stem from a reduction in the topsides and jacket of an offshore platform, TLP or spar. The savings on the construction of a smaller four-point jacket compared to a 16-point structure alone could be up to 40%, Aziz Merchant, the head of KeppelFels deep-water technology division had said in a previous interview. That works out to a massive $700 million shaved off from a TLP cost for a potential client.> upstreamonline.com SDRL had a recent news release on a contract for a semi-submersible, reflecting a higher day rate: seadrill.com