11/25/2009 - Transocean Ltd. (NYSE:RIG) announced that the newbuild ultra-deepwater semisubmersible rig Development Driller III has started operations in the U.S. Gulf of Mexico for a subsidiary of BP (NYSE:BP). The operations are under a seven-year drilling contract. The rig features advanced offshore drilling technology, including a motion-compensated winch capable of deploying subsea assemblies to the seabed, a high-pressure mud-pump system, an advanced mud system design, a variable deckload of 7,000 metric tons and Transocean's dual-activity drilling technology. The dual-activity drilling technology allows for parallel drilling operations designed to save time and money in deepwater well construction.

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