Deepwater Discovery
Encyclopedia
Deepwater Discovery is a Samsung
Samsung
The Samsung Group is a South Korean multinational conglomerate corporation headquartered in Samsung Town, Seoul, South Korea...

/Reading & Bates designed, fifth generation, deepwater dynamic positioning
Dynamic positioning
Dynamic positioning is a computer controlled system to automatically maintain a vessel's position and heading by using its own propellers and thrusters...

 Vanuatu
Vanuatu
Vanuatu , officially the Republic of Vanuatu , is an island nation located in the South Pacific Ocean. The archipelago, which is of volcanic origin, is some east of northern Australia, northeast of New Caledonia, west of Fiji, and southeast of the Solomon Islands, near New Guinea.Vanuatu was...

-flagged
Flag of convenience
The term flag of convenience describes the business practice of registering a merchant ship in a sovereign state different from that of the ship's owners, and flying that state's civil ensign on the ship. Ships are registered under flags of convenience to reduce operating costs or avoid the...

 drillship
Drillship
A drillship is a maritime vessel that has been fitted with drilling apparatus. It is most often used for exploratory offshore drilling of new oil or gas wells in deep water or for scientific drilling. The drillship can also be used as a platform to carry out well maintenance or completion work such...

 owned and operated by Transocean
Transocean
Transocean Ltd. is one of the world's largest offshore drilling contractors. The company rents floating mobile drill rigs, along with the equipment and personnel for operations, to oil and gas companies at an average daily rate of US$282,700...

. The vessel is capable of drilling in water depths up to 3,049 m (10,000 ft) using an 18.75 in (47.6 cm), 15,000 psi blowout preventer
Blowout preventer
A blowout preventer is a large, specialized valve used to seal, control and monitor oil and gas wells. Blowout preventers were developed to cope with extreme erratic pressures and uncontrolled flow emanating from a well reservoir during drilling. Kicks can lead to a potentially catastrophic...

 (BOP), and a 21 in (53.3 cm) outside diameter (OD) marine riser.

From 2000 to 2009 the vessel flew the flag of convenience
Flag of convenience
The term flag of convenience describes the business practice of registering a merchant ship in a sovereign state different from that of the ship's owners, and flying that state's civil ensign on the ship. Ships are registered under flags of convenience to reduce operating costs or avoid the...

 of Panama
Panama
Panama , officially the Republic of Panama , is the southernmost country of Central America. Situated on the isthmus connecting North and South America, it is bordered by Costa Rica to the northwest, Colombia to the southeast, the Caribbean Sea to the north and the Pacific Ocean to the south. The...

.

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