Subsea equipment a. Wellhead equipment; 4
Subsea equipment. Except as otherwise provided herein (and specifically without prejudice to Sections 3.4.b, 3.4.d and 3.4.g), when Work has been suspended due to damage to, or replacement, breakdown, or failure of Contractor’s subsea equipment (located below the rotary table), Contractor shall be paid at the Repair Rate up to forty eight (48) hours per occurrence, subject to a maximum of forty eight (48) hours per calendar month. Thereafter, Contractor shall receive the $0 Repair Rate until operations are resumed. For purposes hereof, repair time shall commence when the subsea component is secured on the Rig and shall continue until the repair or other remedial work is completed and the component has been picked up to run to bottom. Time incurred to pull and run any subsea equipment shall be paid at 50% of the Operating Rate from the time the component is unlatched until it is secured on the rig, and from the time the component is picked up to run to bottom until it has been re-latched on bottom and tested, at which time the Operating Rate or other applicable rate shall apply. Any period of delay resulting from an inability to launch or run Contractor subsea equipment after repair due to weather, seas or any other cause not within the control of Contractor shall be paid at the Standby Rate. Any breakdown or failure of Contractor’s subsea equipment following drilling out the cement plugs or initial spud of the well, as the case may be, shall be considered a separate incident of breakdown.
Subsea equipment. In the event of damage, loss or destruction of Contractor’s subsea equipment while below the water line during the performance of the Work (including but not limited to blowout preventers, risers and riser accessories, connector buoys, and pendant wires), not including normal wear and tear, and except when caused by the sole or gross negligence or willful misconduct of Contractor Indemnified Parties, Operator shall be responsible for all losses which are not reimbursed by Contractor’s insurance, including the applicable deductible.
Subsea equipment. (i) In the event of any loss or destruction of, or damage to, Contractor’s subsea equipment while below the water line during the performance of the Work (including blowout preventers, risers and riser accessories, and tensioner wires), not including normal wear and tear, and regardless of fault (but except to the extent caused by the sole negligence, Gross Negligence or Willful Misconduct of any member of Contractor Group), Operator shall be responsible for all losses which are not reimbursable by Contractor’s insurance or warranty, including the applicable deductible. Except as provided in Section 8.4(b)(ii), upon the occurrence of any loss or damage described in this Section 8.4(b), Operator shall pay the Standby Rate in each case up to a maximum of CONFIDENTIAL TREATMENT REQUESTED. INFORMATION FOR WHICH CONFIDENTIAL TREATMENT HAS BEEN REQUESTED IS OMITTED AND MARKED WITH “[***]”. AN UNREDACTED VERSION OF THE DOCUMENT HAS ALSO BEEN FURNISHED SEPARATELY TO THE SECURITIES AND EXCHANGE COMMISSION AS REQUIRED BY RULE 24B-2 UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED. thirty (30) days per occurrence, after which the Zero Rate shall apply until the Rig is in condition to continue the Work.
Subsea equipment. (a) Except as otherwise provided in Section 9.2(2)(b), if the stoppage of the Services is due to a mechanical failure or damage to the Subsea Equipment, Contractor will be on zero Service Rate and receive no further compensation from Company until either the recommencement of the Services or the Contract is terminated or expires.
Subsea equipment a. Wellhead equipment; 4 b. Wellhead connector from BOP stack to as specified in Appendix B; 1 c. Subsea running tools for wellheads, if required; 4 d. Contractor’s surface or subsea blowout preventer system as described in Appendix B; 1 e. Wellhead temporary guidebase, if required; 4 f. Wellhead guide post structure, if required; 4 g. Jetting tools for jetting in conductor casing, if required; 4 h. Guide arms and bushings for drilling conductor hole and running conductor casing, if required; 4 i. Repair and/or replacement for items (a), (c), (e), (f), (g) and (h). 4
