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New Drillship Etesco Takatsugu J Delivered

December 19, 2011


The delivered drillship "Etesco Takatsugu J"

On December 15, a new drillship owned by Etesco Drilling Services LLC., a company established by a consortium comprising NYK, Mitsui & Co. Ltd., Kawasaki Kisen Kaisha Ltd., Japan Drilling Co. Ltd., Etesco Construções e Comércio Ltda. (Etesco), and Mike Mullen Energy Equipment Resources Inc. (MMEER) was delivered at Samsung Heavy Industries Co. Ltd.’s Geoje Shipyard in Korea. At the naming ceremony held on the day before the delivery, the drillship was named Etesco Takatsugu J. NYK director and managing corporate officer Hitoshi Nagasawa participated in the ceremony.

The vessel is now heading for the pre-salt fields off Brazil, where it will be chartered for a maximum of 20 years from February 2012 by Petróleo Brasileiro S.A. for ultra-deepwater exploration of the fields at water depths down to 10,000 feet (about 3,000 meters). This vessel, which has been equipped with an advanced drilling capability, is one of only 46 drillships in this high-end class (as of December 19). 
 
Since 2006, an NYK Group company has been entrusted by JAMSTEC (Japan Agency for Marine-Earth Science and Technology) to operate its scientific drilling vessel Chikyu, and through this experience NYK has been able to accumulate advanced know-how on the operations of drillships. In fact, this drillship business falls within one of the strategic pillars provided in the NYK Group’s recently released medium-term management plan “More Than Shipping 2013” — i.e., to secure highly advanced energy-transportation business by taking advantage of the group’s technical capabilities.
 
NYK will continue its efforts in this regard by making use of the technical advances that the group continues to cultivate.
 
-- Particulars of Etesco Takatsugu J
Length overall: 218 meters
Breadth: 42 meters
Displacement tonnage: 90,600tons
Rated water depth: 10,000 feet (3,000 meters)
Drilling depth: 40,000 feet (12,000 meters)
Builder: Samsung Heavy Industries Co. Ltd.
Delivery: December 2011
 
Etesco Drilling Services, LLC.
A consortium established in 2009 by NYK, Mitsui & Co. Ltd., Kawasaki Kisen Kaisha, Ltd., Japan Drilling Co. Ltd., Etesco, and MMEER. NYK holds 37.78% of the consortium’s shares.
 
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