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Transocean lands new work for the Discoverer Inspiration

January 6, 2022
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EnVen Energy Corporation announced today its execution of a drilling contract with a subsidiary of Transocean Inc. for the use of the Transocean Discoverer Inspiration, an ultra-deepwater drillship. EnVen has committed to one firm well with options for two additional wells and expects to take delivery of the drillship early in the third quarter of 2022. “We are

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Sontrach signs $40 billion investment plan toward production preservation

January 6, 2022
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The CEO of Sonatrach, Algeria’s state-owned firm, Toufik Hakkar announced that the Group intends to invest nearly $40 billion over the 2022-2026 period. Hakkar elaborated that the majority of the investment would be directed towards exploration and production in order to preserve national productive capacities and includes $8 billion for 2022. Hakkar added that Sonatrach would carry out

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EnerMech logs more than 500 million pounds worth of new work

January 6, 2022
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With more than a half-billion pounds of new contracts secured in the last 12 months, EnerMech has kicked off 2022 by breaking into new geographies and business territories. It starts work in January on several significant campaigns, including numerous transformational mega-projects around the world. During 2021, the leading integrated solutions specialist, which operates in 26 countries, was awarded

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ADNOC invests close to USD1 billion in the long term development of Umm Shaif field

January 5, 2022
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Abu Dhabi National Oil Company announced the award of a $946 million (AED3.47 billion) Engineering, Procurement, and Construction (EPC) contract for the strategic long-term development of its Umm Shaif field. The investment supports ADNOC’s oil production capacity plans of five million barrels per day (mmbpd) by 2030 while ensuring energy security for the United Arab Emirates (UAE) and

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Invictus secures long leads for a 2-well drilling campaign

January 5, 2022
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Invictus Energy has provided an update on the activities of its 80% owned and operated Cabora Bassa Project in Zimbabwe. Wellheads and Casing Long Leads Secured for Drilling Program Invictus has confirmed that it has secured the necessary casing, wellheads and ancillary long lead items for a 2-well drilling program commencing in May 2022. Bidding Process for Well Services Contract Completed and Award in Progress The Company has completed an extensive tendering exercise for integrated well services contract

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Exxon announces two new finds in Guyana

January 5, 2022
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ExxonMobil Corp has made two new discoveries in the Stabroek Block off Guyana's coast, one of its top bets for production growth this decade. Guyana has been the scene of the world's biggest offshore discoveries in years, with 10 billion barrels of recoverable oil and gas confirmed since it began production in 2019. An Exxon-led consortium is responsible

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TotalEnergies spuds in Marolo-1 offshore Brazil

January 5, 2022
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TotalEnergies began drilling the Marolo-1 well in block C-M-541 on the 31st. The activity is being carried out by the Valaris DS-15 drillship, in a water depth of 3,000 meters. Valid for 5 years, the license issued by the Brazilian Institute for the Environment (Ibama) authorized the drilling of two exploratory wells (Marolo and Ubaia) and three contingency

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Constellation bags two long term contracts

January 5, 2022
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Constellation Oil Services announced this week that it has signed new contracts with Petrobras for the charter of two semi-submersible rigs. The contracts involve the Gold Star and Lone Star rigs and will last for three years. The rigs will operate in water depths of up to 2,400 meters and exploration campaigns are scheduled to start between

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More drilling ahead for Valaris to start off 2022

January 5, 2022
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Valaris Limited announced that it has been awarded the following new contracts: One-well contract with Kosmos Energy in the U.S. Gulf of Mexico for semisubmersible VALARIS DPS-5. The contract is expected to commence in February 2022 with an estimated duration of 105 days. One-well contract with Western Gas offshore Australia for semisubmersible VALARIS MS-1. The contract is expected to commence

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Valaris’s JV ARO awarded 6 jackup contract extensions

January 5, 2022
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Valaris Limited announced that it has been awarded new bareboat charter agreements with ARO Drilling for several jackups. ARO Drilling has signed contracts with Aramco for the same periods as the bareboat charter agreements. Heavy-duty harsh environment jackup VALARIS 250, heavy-duty modern jackup VALARIS 116 and standard-duty modern jackups VALARIS 143 and 146 will each commence three-year extensions

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