Stacked Rigs definition

Stacked Rigs means, subject to clause (B) of the second sentence of the definition ofExcluded Rigs”, the cold-stacked Rigs set forth on Schedule 6.06(b).
Stacked Rigs means Rigs capable or working but which are stored and have no crews.
Stacked Rigs means, at any time, Rigs (other than Decommissioned Rigs) that are currently being marketed, whether or not operable, but which are stored and have no crews.

Examples of Stacked Rigs in a sentence

  • Does Not Include Cold or Hot Stacked Rigs (see following page for cold stacked units) Survey Costs: During surveys, normal opex applies, plus additional costs.

  • Does Not Include Cold or Hot Stacked Rigs (see final page for cold stacked units).

  • Does Not Include Warm or Cold Stacked Rigs (see body of report for stacked units) 2010 Estimated Downtime = 644 days 5-year Surveys: Spartan (40); New Era (50); Vanguard (65); Winner (92); Spur (35).

  • Except for Stacked Rigs, the Rig Fleet Equipment and all other Equipment shall be maintained in good operating condition and repair (reasonable wear and tear excepted) and all necessary replacements of and repairs thereto shall be made so that the value and operating efficiency of the Rig Fleet Equipment and other Equipment shall be maintained and preserved.

  • If you buy goods from us, you have the right to decide that you do not want to keep the goods for 14 days from the delivery or the conclusion of the contract.

  • EXPECTED 2009 DOWNTIME LONGER THAN 14 DAYS* (Subject to Change) * Does Not Include Warm or Cold Stacked Rigs (see body of report for stacked units) 2010 Estimated Downtime = 501 days [excludes Bounty work TBD] 5-year Surveys: Spartan (35); New Era (50); Vanguard (51); Winner (92); Spur (35).

  • Managed and Stacked Rigs Fleet Status Report – February 27, 2024 Year Delivered / Estimated Estimated Water Depth Rig Name Location Operator Notes Rated (Ft.) Major Upgrade Start Date End Date Managed Drillships A Auriga 12,000 2013 US GOM bp Mar-23 Mar-24 Vela 12,000 2013 US GOM Beacon Aug-23 Aug-24 Stacked Semis B Ocean Onyx 6,000 1973/2020 Malaysia - Sep-22 - Ocean Valiant 5,500 1988 UK - May-20 - Notes A.

  • Does Not Include Warm or Cold Stacked Rigs (see body of report for stacked units) 2010 Estimated Downtime = 690 days 5-year Surveys: Spartan (40); New Era (50); Vanguard (65); Winner (92); Spur (35).

  • Does Not Include Warm or Cold Stacked Rigs (see body of report for stacked units) 2010 Estimated Downtime = 680 days 5-year Surveys: Vanguard (65); Winner (100); Spur (39).


More Definitions of Stacked Rigs

Stacked Rigs means the following Rigs: Hibiscus (registered as of the Issue Date in Indonesia under Official Number 890+11D), Xxxxxxxx Xxxx (registered as of the Issue Date in Xxxxxxxx Islands under Official Number 1744), Trident 15 (registered as of the Issue Date in Liberia under Official Number 0000), Xxxxxxxxx Key (registered as of the Issue Date in Vanuatu under Official Number 1496), Key Hawaii (registered as of the Issue Date in Vanuatu under Official Number 1591) and any other Rig to the extent it is a “Stacked Rig” under and as defined in the Credit Agreement.
Stacked Rigs means the following Rigs: Adriatic IX (registered in Vanuatu under Official Number 1445), Trident IX (registered in Liberia under Official Number 9826) and Hibiscus (registered in Indonesia under Official Number 890+11D).

Related to Stacked Rigs

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