Normally the biggest problem about bringing a rig from the US into Australia is compliance with Australian Standard AS300 - Electrical Standards. There are significant differences between the standards of the two countries (US is 110 volt and AUS is 240 volt) and unless a rig is built to the Australian Standard (which the Gefco rig probably was not) then it will have to be rewired before it can start drilling - this could take months.
In my experience normal timing for bringing a rig into Australia by an experienced contractor: Mobilise rig from base to port: 2 weeks Load rig and transport to Australia: 4 to 6 weeks Offload rig and receive AQUIS clearance: 2 weeks Move to location: 2 weeks Rig up and inspect rig: 4 - 8 weeks
I would expect to take a lot longer for a company that is not familiar with Australian regulations
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.