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Australia opens up bidding on 21 offshore blocks

June 19, 2021
| Archives

The Coalition Government today announced the 2021 Offshore Petroleum Exploration Acreage Release, with around 80,000 square kilometres of new acreage available for exploration in Commonwealth waters. Minister for Resources, Water and Northern Australia Keith Pitt said the release comprises 21 areas across the Bonaparte, Browse, Carnarvon, Otway, Sorell and Gippsland basins off Western Australia, Victoria, Tasmania and the

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China’s CNPC finds massive O & G reservoir in Tarim Basin

June 19, 2021
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China has discovered a new 1-billion-ton super-deep oil and gas area in the Tarim Basin in Northwest China's Xinjiang Uygur Autonomous Region, the largest discovery in the basin in nearly 10 years, the Chinese state-owned energy giant China National Petroleum Corporation (CNPC) said on Friday. The discovered well is located in the Fuman Oilfield area, a main block

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Indonesia first bid round of 2021 announced

June 18, 2021
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Government of Indonesia opens the oil and gas working areas bid round after being postponed in 2020 due to the world crude oil price fluctuation and the Covid-19 pandemic. The government has taken efforts to make a more attractive tender by improving the Terms & Conditions such as contractor's profit split improvement by taking into account the

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JDC inks 3 year deal for HAKURYU 10

June 18, 2021
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Japan Drilling Co., Ltd. (JDC) is pleased to announce that its subsidiary Japan Drilling (Netherlands) B.V. has entered into a drilling contract with North Oil Company for the provision of jack-up drilling rig "HAKURYU-10". The main terms of the drilling contract are as follows: Company: North Oil Company Operating Area: Al Shaheen Oilfield, offshore Qatar Period of Contract: Three (3) years

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Eni through Var Energi announce new oil discovery in North Sea

June 18, 2021
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Eni through Vår Energi, jointly owned by Eni (69.85%) and by HitecVision (30.15%) has announced a new oil discovery in production license 554 in the North Sea by drilling the exploration well 34/6-5 S in the Garantiana West prospect. Vår Energi holds a 30% stake in the license, with Equinor (which is the Operator) holding 40% and Aker BP (30%). The well targeted a neighboring fault

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Seadrill sells the West Freedom for $5 million

June 18, 2021
| Archives

According to Esgian, an Oslo based company that provides analytical tools for the energy industry, noted that court documents show that Seadrill has sold its 2009-built jackup West Freedom to New Fortress Energy for $5 million for conversion for its LNG project. The rig has not worked in several years and is currently stacked in Colombia. Source: Esgian Join

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Petrobras makes bidding classifications public for Buzios rigs

June 18, 2021
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Seadrill and China Union took the lead in Petrobras’ bid to charter new rigs aimed at depth of 2,400 m of water. The Norwegian drilling company had the lowest price on lot A, which required a unit equipped with MPD, while the Chinese had the best offer on lot B, intended for a simple rig. The preliminary classification

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Borr awarded drilling contract offshore Gabon

June 17, 2021
| Archives

VAALCO announced that, in conjunction with its 2021/2022 drilling program planned to begin later this year, it has executed a contract with Borr Jack-Up XIV Inc., an affiliate of Borr Drilling Limited, to drill two development wells and two appraisal wellbores with options to drill additional wells. The contract provides, among other things, that the drilling rig

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Stena Drilling announces contract with Far Gambia

June 17, 2021
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Stena Drilling has announced a new contract with Far Gambia LTD, utilizing the Stena IceMAX The drilling program shall be a one (1) well campaign of 30 days, offshore The Republic of Gambia Block A2, commencing between 1 Oct 21 & 30 Nov 21. Bambo-1 Well  Planning for the Bambo-1 drilling project is well advanced. The Bambo-1 well in

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Saipem awarded $510m EPC contract from ADNOC

June 17, 2021
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Saipem has received a Letter of Award from ADNOC Sour Gas, a subsidiary of the Abu Dhabi National Oil Company (ADNOC), for a new contract related to the Optimum Shah Gas Expansion (OSGE) & Gas Gathering project in the United Arab Emirates. The contract covers the expansion and upgrade of the existing Shah gas plant. The overall

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