Drillships definition

Drillships has the meaning ascribed thereto in the recitals hereto.
Sample 1
Drillships means the drillships to be financed under this Agreement and acquired by the relevant Drillship Owner, being the Drillship Athena, the Drillship Mylos and the Drillship Skyros, and "Drillship" shall mean any of them.
Sample 1
Drillships means the Rigs currently referred to as Rowan Renaissance, Rowan Resolute, Rowan Reliance and Rowan Relentless, as such Rigs may be renamed from time to time.
Sample 1

Examples of Drillships in a sentence

  • Drillships are suitable for drilling in remote locations because of their mobility and large load-carrying capacity.

  • 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.

  • Drillships are well suited for ultra-deepwater drilling and drilling in remote locations due to their mobility and high load capacity.

  • Main rig categories are separated by the water depth at which they can drill: • Drillships: Generally self-propelled ships that can either be equipped with conventional mooring systems or dynamic positioning systems.

  • Towed onto location.• Drillships: Designed for drilling in deep water locations.

  • Each Borrower shall (at its own expense) (i) arrange for the Market Value of each of the Drillships to be determined and valued for the purpose of every Compliance Certificate to be delivered to the Agent pursuant to Clause 21.2 (Compliance Certificate) for the financial quarters ending 30 June and 31 December each year and (ii), if an Event of Default has occurred and is continuing, upon the Agent’s request, arrange for the Market Value of each of the Drillships to be determined.

  • The demand for offshore rigs (Jack Ups, Semi-Submersibles and Drillships) and land rigs are further influenced by longer term factors such as government policies on oil production levels, national oil company policies, rig owner capital expenditure plans, charter rates and other factors such as financing availability and production capacity.

  • The Drillships shall be owned by the respective Borrower as set out in Schedule 2 (Guarantors and Drillships).

  • Each Borrower shall comply and shall procure that a charter and/or manager comply with the ISM Code, ISPS Code, Marpol and any other international maritime safety regulation relevant to the operation and maintenance of the Drillships and provides copies of certificates evidencing such compliance to the Agent upon written request thereof.

  • If an Event of Default has occurred and is continuing the Obligors will, upon the Agent's request, make its best endeavours to have assigned the rights and obligations under contracts pertaining to the Drillships (with members of the Group as well as ultimate charterers) or any of them to one or several parties nominated by the Agent.

Related to Drillships

  • Vessels shall have the meaning set forth in the recitals.

  • Rig means, collectively, offshore drilling rigs, including, semisubmersibles, drillships, xxxx-ups, semisubmersible tender assist vessels and submersible rigs, owned by the Borrower and/or any Subsidiary of the Borrower, and, individually, any of such rigs.

  • Crew means the Master, officers and ratings of the numbers, rank and nationality specified in Annex “B” attached hereto.

  • drilling means the act of boring a hole to reach a proposed bottom hole location through which oil or gas may be produced if encountered in paying quantities, and includes redrilling, sidetracking, deepening, or other means necessary to reach the proposed bottom hole location, testing, logging, plugging, and other operations necessary and incidental to the actual boring of the hole;

  • Ships means together Ship A, Ship B, Ship C, Ship D, Ship E and Ship F and, in the singular, means any of them;

  • Cruise means a vacation on a cruise ship.

  • Mines means those devices defined in Article 2, Paragraphs 1, 4 and 5 of Protocol II annexed to the Convention on Prohibitions and Restrictions on the Use of Certain Conventional Weapons Which May Be Deemed to Be Excessively Injurious or to Have Indiscriminate Effects of 1980.

  • fishing vessel means a vessel used for catching fish, whales, seals, walrus or other living resources of the sea;

  • Oil means petroleum in any form including crude oil, fuel oil, sludge, oil refuse and refined products (other than petrochemicals which are subject to the provisions of Annex II of the present Convention) and, without limiting the generality of the foregoing, includes the substances listed in Appendix I to this Annex.

  • Tank vessel means a ship that is constructed or adapted to carry, or that carries, oil in bulk as cargo or cargo residue, and that:

  • Sailboat means the same as that term is defined in Section 73-18-2.

  • Pressure vessel means containers for the containment of pressure, either internal or external. This pressure may be obtained from an external source or by the application of heat from a direct or indirect source, or any combination thereof.

  • JetBrains or “We” means JetBrains s.r.o., having its principal place of business at Xx Xxxxxxxxx XX 0000/00, Xxxxxx, 00000, Xxxxx Xxxxxxxx, registered in the Commercial Register maintained by the Xxxxxxxxx Xxxxx xx Xxxxxx, Xxxxxxx X, Xxxx 00000, ID. No.: 265 02 275.

  • handyman means a person employed to perform routine manual tasks in any

  • Exploration means all activities directed toward ascertaining the existence, location, quantity, quality or commercial value of deposits of Products.

  • Crew Insurances means insurances against crew risks which shall include but not be limited to death, sickness, repatriation, injury, shipwreck unemployment indemnity and loss of personal effects.

  • Recreational vessel means a vessel—

  • Motorway means a road specially designed and built for motor traffic, which does not serve properties bordering on it, and which:

  • existing vessel means a vessel which is not a new vessel;

  • Marine means pertaining to tidally influenced waters, including oceans, sounds, straits, marine channels, and estuaries, including the Pacific Ocean, Puget Sound, Straits of Georgia and Juan de Fuca, and the bays, estuaries and inlets associated therewith.

  • Camp or “camping” means to pitch, erect, create, use, or occupy camp facilities for the purposes of habitation, as evidenced by the use of camp paraphernalia.

  • Production company means a person or entity engaged in the business of making motion picture, television, or radio images for theatrical, commercial, advertising, or education purposes; Reserved

  • Vessel means the vessel/craft belonging to the Contractor for carrying out the work.

  • Operators means the Access Provider and the Access Seeker collectively.

  • Allied means Allied Waste Industries, Inc., a Delaware corporation.

  • Coastal vessel means any vessel exclusively employed in trading between any port or place in India to any other port or place in India having a valid coastal license issued by the competent authority.