State-run Turkish Petroleum Corporation (TPAO) has added another drilling vessel to its fleet for $37.5 million, according to a prominent Turkish maritime publication.
Sertao, moored at Port Talbot in Britain for two years, was acquired by TPAO in an auction, Istanbul-based Denizcilik Dergisi (Maritime Magazine) reported on Feb. 8.
Built in South Korea by Samsung in 2012, the Marshall Islands-flagged drilling ship was used by Brazil’s state-run company Petrobras until 2015.
Although the market price Sertao was estimated at $120 million, Port Tablot agreed to sell it for such a low price to amortize the soaring berth costs and the depreciation of its value, Denizcilik said.
The 228-meter-long drilling ship’s carrying capacity is nearly 62,000 tons and its current draught is reported to be 12 meters. It has a rated water depth of 3,000 meters and a drilling depth capacity of up to 11,400 meters.
The maximum drilling depth capability of Turkey’s first two drilling vessels in operation, Fatih and Yavuz, is around 12,000 meters.
Source: Hurriyet Daily News
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