July 2022 - Page 5 of 5

Saipem welcomes Perro Negro 11 into the fleet

July 13, 2022

On July 8, 2022, the naming and departure ceremony of PERRO NEGRO 11, a 400-ft jackup drilling rig based on the F&G 2000E design and built by CIMC Raffles, was held in its Longkou construction base. Customer representatives and guests from the Middle East and Italy attended the event via video link with Longkou site. Ms. Wang

International Rig Count is up in all regions except the Middle East

July 9, 2022

| International Rig Count

Baker Hughes issued their international rig count data, here is the breakdown: The international rig count for June is 824, up 7 units from the count in May and up 66 units from the 758 counted in June 2021. Latin America is up 5 units to 160 from the May count of 155 and is up 17 units year over year. The Asia-Pacific

North America Rig Count: U.S. +2 to 752 Canada +9 to 175

July 9, 2022

| Weekly Rig Count

Baker Hughes Rig Count: U.S. +2 to 752 rigs U.S. Rig Count is up 2 from last week to 752 with oil rigs up 2 to 597, gas rigs unchanged at 153 and miscellaneous rigs unchanged at 2. U.S. Rig Count is up 273 rigs from last year's count of 479 with oil rigs up 219, gas rigs up

Petroserv sells SSV Catarina but remains manager

July 9, 2022

| Archives

According to Esgian, an Oslo based company that provides analytical tools for the energy industry, noted that Petroserv has sold its 2013-built GVA-7500N semisubmersible SSV Catarina to a group of Norwegian investors. The semisub was sold last month for an undisclosed price. However, Esgian Rig Values estimates the rig transaction price to be in the USDm 50s and

Equinor extends contract for Deepsea Stavanger

July 9, 2022

| Archives

Equinor has exercised further work for the Deepsea Stavanger under the continued optionality mechanism provided for in the contract entered into by the parties in May 2021. Following this addition, the Deepsea Stavanger now has six (6) remaining wells to be drilled which are expected to occupy the rig into Q2 2023. Equinor has the opportunity to

C-NLOPB issues authorization for Exxon to drill in North Grand Banks

July 9, 2022

| Archives

The C-NLOPB announced via twitter that is has issued a regulatory authorization for ExxonMobil Canada Ltd. to conduct an Exploration Drilling Program using the Stena Forth in the North Grand Banks area. Source: C-NLOPB Join our mailing list here

BP awards Stena with contract offshore Newfoundland

July 9, 2022

| Archives

Stena Drilling has signed a new Contract with bp Canada Energy Group for Mobile Offshore Drilling Unit (MODU) Stena IceMAX. The one (1) well programme, scheduled for 2023, will be off the coast of Newfoundland (Canada) and has an estimated duration of 80 days. Stena Drilling are delighted to secure this scope with bp and look forward to working with bp to complete

Equinor awards Valaris with 540 day contract for the DS17

July 9, 2022

| Archives

On behalf of the Bacalhau licence partners, Equinor Brazil has awarded Valaris, represented by Ensco UK Drilling and Ensco do Brasil Petróleo e Gás, a 540-day drilling contract scheduled to start in 2023. The Valaris DS-17 drillship has been tasked to drill an appraisal well, plug an old exploration well and conduct additional drilling scope in Brazil. 'Brazil is one of Equinor’s core areas, and Bacalhau is one of our

Valaris adds on $466 million to backlog with new contracts and extensions

July 9, 2022

| Archives

Valaris has announced new contracts and contract extensions, with associated contract backlog of $466 million, awarded subsequent to issuing the Company’s most recent fleet status report on May 2, 2022. Contract backlog excludes lump sum payments such as mobilization fees and capital reimbursements. 540-day contract with Equinor offshore Brazil for drillship VALARIS DS-17. The rig will be reactivated for this

Month: July 2022

Saipem welcomes Perro Negro 11 into the fleet

International Rig Count is up in all regions except the Middle East

North America Rig Count: U.S. +2 to 752 Canada +9 to 175

Petroserv sells SSV Catarina but remains manager

Equinor extends contract for Deepsea Stavanger

C-NLOPB issues authorization for Exxon to drill in North Grand Banks

BP awards Stena with contract offshore Newfoundland

Equinor awards Valaris with 540 day contract for the DS17

Valaris adds on $466 million to backlog with new contracts and extensions

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