By Joe Carroll
Jan. 16 (Bloomberg) -- Chevron Corp., the second-largest U.S. energy company by market value, ordered three new shallow- water drilling rigs from Transocean Ltd. that will be used in Thailand exploration projects starting in 2013.
Chevron, based in San Ramon, California, will pay $135,000 to $145,000 a day to lease the rigs, Transocean said today in the monthly fleet status report published on its website. The rigs will be designed to operate in waters as deep as 350 feet (107 meters) and drill wells 35,000 feet beneath the surface of the sea, Vernier, Switzerland-based Transocean said.
The type of rigs Chevron ordered are known as jackups because they have retractable legs that extend to the sea floor. Demand for jackup rigs has rebounded from a three-year slump that depressed day rates and prompted Transocean and other operators to idle and sell some equipment.
Exxon Mobil Corp., based in Irving, Texas, is the largest U.S. energy company by market value.
--Editors: Christian Schmollinger, Ryan Woo
To contact the reporter on this story: Joe Carroll in Chicago at jcarroll8@bloomberg.net
To contact the editor responsible for this story: Susan Warren at susanwarren@bloomberg.net
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