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Month: September 2022

Odfjell awarded contract for the Deepsea Yantai

September 20, 2022
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Odfjell Drilling has announced that on behalf of CIMC OFFSHORE, it has agreed a contract with OMV Norge for the use of the drilling rig Deepsea Yantai to drill one firm well 'Eirik' in PL 817 in the North Sea, plus one optional well in 2023 or 2024. The scope of the firm work is estimated to take 60 days and will commence in Q1

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PETRONAS announce gas discovery offshore Malaysia

September 20, 2022
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PETRONAS has announced a gas discovery from its Cengkih-1 exploration well in Block SK 320 in the Central Luconia Province, about 220 kms off the coast of Bintulu, Sarawak, offshore Malaysia. The Cengkih-1 exploration well was successfully drilled to a total depth of 1,680 metres in August 2022, hitting more than 110 metres gas column in Miocene Cycle IV/V pinnacle carbonate

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Helix Energy Solutions awarded 2-year contract extension with Petrobras

September 20, 2022
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Helix Energy Solutions has entered into a two-year extension of its well intervention charter and services contracts with Petrobras for the Siem Helix 2 well intervention vessel offshore Brazil. The negotiated extension is scheduled to conclude in December 2024 and directly follows Helix’s current contracts with Petrobras. Scotty Sparks, Helix’s Executive Vice President and Chief Operating Officer, stated: 'We are glad to negotiate this contract extension and look

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KCA Deutag lands $112 million worth of awards and extensions

September 16, 2022
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KCA Deutag has secured contract awards, extensions and options worth around $112 million. The contracts are primarily related to land rigs in Saudi Arabia and Oman, and are announced as work continues to close out the acquisition of Saipem’s land rig business, reflecting the company’s focus on growth in key markets in the Middle East.   In Saudi

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Petrogas adds on more work for the Maersk Resolute

September 16, 2022
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Maersk Drilling and Petrogas E&P Netherlands have agreed to an amendment of the previously entered contract for the provisioning of the harsh-environment jack-up rig Maersk Resolute, under which an option included in that contract will be replaced by a newly entered five-well drilling contract which will employ Maersk Resolute to drill three wells at the A15 field and two wells at

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Stena awarded contract with CNOOC Africa

September 16, 2022
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Stena Drilling announced that they signed a new contract with CNOOC Africa for the Stena Icemax. The two (2) well program, scheduled for Q1 2023, will be off the coast of Gabon and has an estimated total campaign duration of 90 days. Source: Stena Drilling Join our mailing list here

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Offshore rig dayrates on the rise

September 16, 2022
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Rental rates for offshore oil and gas rigs could rise to $500,000 in the coming months, company executives said on Wednesday. Daily costs to hire a rig, known as the dayrate, have already more than doubled from two years ago to some $300,000, with some top-end rates reaching close to $400,000, according to Oslo-based brokerage Pareto Securities. Drilling companies

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TechnipFMC awarded EPCI contract with TotalEnergies offshore Brazil

September 16, 2022
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TechnipFMC has been awarded a significant(1) engineering, procurement, construction and installation (EPCI) contract by TotalEnergies for its Lapa North East field in the pre-salt Santos Basin offshore Brazil. TechnipFMC will reconfigure and install umbilicals and flexible pipe in a new configuration that will further secure the production of the field. Jonathan Landes, President, Subsea, at TechnipFMC, commented: 'The Brazilian offshore market is becoming more diverse with

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BOEM accepts 2021 $189 million in bids for Lease Sale 257

September 16, 2022
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In compliance with congressional direction in the Inflation Reduction Act, the Bureau of Ocean Energy Management (BOEM) has accepted 307 highest valid bids from Lease Sale 257 in the Gulf of Mexico, totaling $189,888,271. BOEM originally held the lease sale in November 2021; a federal judge invalidated the results in February of this year.  Leases resulting from this sale include stipulations to protect biologically sensitive resources, mitigate potential adverse effects on protected

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