• 2 minutes Oil Price Could Fall To $30 If Global Deal Not Extended
  • 5 minutes Middle East on brink: Oil tankers attacked off Oman
  • 8 minutes CNN:America's oil boom will break more records this year. OPEC is stuck in retreat
  • 20 mins Emissions Need To Be Halved To Avoid 3C Warming
  • 3 hours The Pope: "Climate change ... doomsday predictions can no longer be met with irony or disdain."
  • 12 hours Hormuz and surrounding waters: Energy Threats to the World: Oil, LNG, shipping markets digest new risks after Strait of Hormuz attack
  • 3 hours Coal Boom in Asia is Real and a Long Trend
  • 38 mins Solar Panels at 26 cents per watt
  • 11 hours Trudeau approves Trans Mountain Pipeline
  • 13 hours OPEC, GEO-POLITICS & OIL SUPPLY & PRICES
  • 7 hours Pioneer CEO Said U.S. Oil Production would be up to 15 mm bbls/day NOW if we had the pipelines. Permian pipelines STARTING Q3
  • 6 hours US to become net oil exporter in November: EIA
  • 6 hours The Magic and Wonders of US Shale Supply: Keeping energy price shock minimised: US oil supply keeping lid on prices despite global risks: IEA chief
  • 13 hours The Plastics Problem
  • 3 hours US Shale Drilling lacks regulatory body.
  • 5 hours Ireland To Ban New Petrol And Diesel Vehicles From 2030
  • 6 hours Magic of Shale: EXPORTS!! Crude Exporters Navigate Gulf Coast Terminal Constraints
America’s Most Important Natural Gas Export Market

America’s Most Important Natural Gas Export Market

Trump’s plans to impose tariffs…

Oil Markets Shrug Off Gulf Of Oman Tanker Attacks

Oil Markets Shrug Off Gulf Of Oman Tanker Attacks

Tensions in the Middle East…

James Burgess

James Burgess

James Burgess studied Business Management at the University of Nottingham. He has worked in property development, chartered surveying, marketing, law, and accounts. He has also…

More Info

The Ocean Prospector will Return to Operation after 14 years on the Dock

Back in 1971 ODECO designed and built The Ocean Prospector, the first ever semisubmersible drilling rig that was self-propelled, a standard feature with today’s rigs. It operated in warm waters around the world for ODECO and later Diamond Offshore, after their merger in 1992.

In 1998 the rig was towed into Galveston harbour in Texas for inspections and maintenance work when the decision was made to decommission it. It never left Galveston for the next 14 years, and although its ownership has changed several times it still remains there to this day.

The Pasadena based asset recovery company, Plant Recovery Company (PRC), purchased the rig in 2011 with plans to tow the vessel and then destroy it, but upon closer inspection they found that it could actually be upgraded and modernised to today’s standards, and then sent back out to drill oil wells around the world.

With the help of T&T Marine Salvage, Offshore Mechanics Inc., and Versatile Marine Services, PRC managed to tow the rig from its resting place at the Cruise terminal, to the Malin International Ship Repair and Drydock, where it will be prepared for its introduction back into the open sea.

The move lasted four days, during which T&T Marine Salvage helped solve any challenges that arose when the rig was moved, due to the fact that it had remained in one place for so long. Offshore Mechanics Inc. used their expertise to help with engineering and technical support, while Versatile Marine Services provided the original barge captain who towed the rig into port back in 1998.

The modifications will continue until it is ready to be towed back to sea and across the Gulf to work on modern oil fields.

By. James Burgess of Oilprice.com

For the latest oil prices visit our homepage.



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News