SLIDE 11 Jack-up Rig Fatigue? Solvency of Operator?
- Will you require an independent inspection of the structural integrity of
the jack-up rig, at least every five years?
- “A study to demonstrate life extension of an approximately 20 year old semi-
submersible rig for a further five years, without port inspection, is described.” [Pisarski et al., “Life Extension for a Semi-Submersible Drilling Rig”, in Life Extension Issues for Ageing Offshore Installations, DOI 10.1115/OMAE2008-57411, 2008]
- Will you require Shell Taranaki (or its successor) to post a bond or to
purchase insurance, so that if there is a major accident there will be sufficient funds for environmental remediation?
- Note: Hercules Offshore recently declared bankruptcy a second time, see
http://www.offshorepost.com/offshore-drill-crew-at-fault-for-catastrophic-blowout/ and http://money.cnn.com/2016/05/27/investing/hercules-going-bankrupt-again. “Hercules already reached a $196 million deal to sell a jack-up rig that operates in harsh environments to Maersk Highlander.”