Drillship definition

Drillship means any drillship (or the stock or indebtedness of any Subsidiary owning a drillship) that the Company leases or owns, either entirely or in part; provided that no drillship that has a gross book value of less than 1% of the Company’s Consolidated Net Tangible Assets will be deemed to be a “Drillship” for purposes of Section 4.03 hereof.
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Drillship means each of the 6th generation SHI S10000 ultra deepwater drillships listed in Schedule 2 (Guarantors and Drillships) each of which is owned by the respective Borrower as set out therein as at the time of the respective delivery from the Yard.
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Drillship means each of (a) the Bahamian flag vessels the Platinum Explorer, the Titanium Explorer (formerly known as the Dragonquest) and the Tungsten Explorer and (b) any other drillship hereafter acquired by any Loan Party.
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Examples of Drillship in a sentence

  • The Debtors in these chapter 11 cases and, if applicable, the last four digits of their U.S. taxpayer identification numbers are: Pacific Drilling S.A., Pacific Drilling (Gibraltar) Limited, Pacific Drillship (Gibraltar) Limited, Pacific Drilling, Inc.

  • On or before the Effective Date, Seadrill Limited shall contribute or transfer all the ordinary shares that it holds in Seadrill Deepwater Drillship Ltd.

  • Advisory, Technical and Administrative Services Agreement between Seadrill Management AME Ltd and Seadrill Deepwater Drillship Ltd.

  • GOM accounts for 31 of the 36 working jackup count variance from June 2008 (Peak) to November 2011 (post-Horizon) GOM Semi & Drillship count drops by 3 units (from 31 to 28) between April 2010 and November 2011; offset by an increase of 30 units in the rest of world Jackups Semis Drillships Total June 2008 (Peak) 379 145 30 554 Late-April 2010 (pre-Horizon) 323 150 46 519 Nov.

  • Drillship Main Propulsion Generator Engines units DR-GE-01 through DR-GE-06.


More Definitions of Drillship

Drillship means the ultra-deepwater drillship known as Hull No. 2063 and to be named "Ocean Rig Apollo" and to be acquired by the Drillship Owner.
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Drillship means the shipshape self-propelled offshore drilling vessel described in Exhibit "A" hereto, together with all of her machinery and equipment, including without limitation all marine, drilling and production equipment, drill string, risers, blowout prevention equipment, spare and repair parts, inventory, whether located on the vessel or on shore, belonging to the vessel (excluding, however, equipment to be leased from third parties).
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Drillship means a ship that has a hull and is fitted with a drilling rig so that it is capable of drilling in deep water; ( navire de forage )
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Drillship. “Collateral Rig” or “Rig”;
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Drillship means each of (a) the Bahamian flag vessels the Platinum Explorer, the Titanium Explorer (formerly known as the Dragonquest) and theTungsten Explorer and (b) any other drillship hereafter acquired by any Loan Party.
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Drillship has the meaning specified in the recitals to the Participation Agreement.
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Drillship means that certain double-hulled 721-foot long deepwater drillship under construction (as of the Closing Date) for the Company by Samsung Heavy Industries Co., Ltd.
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