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Rig Lynx Weekly Rundown – Seadrill Partners emerge from bankruptcy led by new CEO Steven Newman

June 4, 2021
| Weekly Rundown

Seadrill Partners emerge from bankruptcy lead by new CEO Steven Newman Seadrill Partners LLC announced that it has emerged from Chapter 11 after successfully completing its reorganization pursuant to its Chapter 11 plan of reorganization (the “Plan”). All conditions precedent to the restructuring contemplated by the Plan have been satisfied or otherwise waived. Read More Maersk to sell the Inspirer

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Sapphire Driller arrives in EG, preps for kickoff

June 3, 2021
| Archives

Equatorial Guinea’s Ministry of Mines and Hydrocarbons (MMH), announces the start of drilling by Trident Energy in Block G, following the arrival of the Sapphire Driller rig. Three infill wells – Elon-A, Elon-C and Elon-D – will be drilled in the Elon field to offset declining production at the nearby Ceiba and Okume Complex. These wells will serve to offset declining hydrocarbon

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Valaris picks up two more wells for the JU-291

June 3, 2021
| Archives

Valaris Limited announced that it has been awarded a two-well contract extension with Equinor Energy AS offshore Norway for VALARIS JU-291 (Stavanger), a heavy-duty ultra-harsh environment jackup. The extension is for an estimated 120 days in direct continuation of the existing contract and, as a result, the VALARIS JU-291 is now expected to be under contract through

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Karoon keeps the Maersk Developer on for two more wells

June 3, 2021
| Archives

Karoon Energy Ltd has exercised an option to add the drilling of two development wells at the Patola field offshore Brazil to the work scope of the semi-submersible rig Mærsk Developer. The work is expected to commence in the second half of 2022, in direct continuation of the rig’s previously agreed work scope with Karoon Energy Ltd. The contract

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Savannah Energy in talks to buy Exxon Chad, Cameroon stakes

June 2, 2021
| Archives

Africa focused Savannah Energy and Exxon Mobil Corp are in exclusive talks over the sale of Exxon’s interest in energy assets in Chad and Cameroon, the companies said on Wednesday. The British oil and gas producer is proposing to buy a 40% operated interest in the Doba oil project in Chad, and a 40% interest in the Chad-Cameroon

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Seadrill lands 18 month contract for the West Neptune in the GOM

June 2, 2021
| Archives

According to Esgian, an Oslo based company that provides analytical tools for the energy industry, noted that LLOG has secured the ultra-deepwater drillship West Neptune for an 18-month drilling campaign in the US Gulf of Mexico. The contract is believed to begin in Q4 2021 and includes the drilling of 6 wells and includes three 1-well options

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Seadrill line up 5 rigs for scrapping

June 2, 2021
| Archives

According to Esgian, an Oslo based company that provides analytical tools for the energy industry, noted that current market reports indicate that Seadrill is to scrap five of its stacked rigs, including four semisubs and one drillship. It is understood that the units will all be sent to the Rota shipyard in Turkey where they will be

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KCA Deutag awarded $550 million in drilling contracts

June 2, 2021
| Archives

KCA Deutag has secured a contract award and two contract extensions for platform drilling services in Russia, UK and the Norwegian North Sea. The combined value of these awards is approximately US $550M and will account for thirteen years of contract backlog. KCA Deutag’s Offshore division secured a five-year contract, with a further 2x2 year extension option, with a

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Valaris lands contract for DS12 with Total

June 2, 2021
| Archives

Valaris Limited announced that it has been awarded a one-well contract with Total E&P Côte d'Ivoire B.V. offshore Ivory Coast for drillship, VALARIS DS-12. The contract is expected to commence in the third quarter of 2021. Source: Valaris Join our mailing list here

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Velesto issues notice of abandonment for Naga 7

June 1, 2021
| Archives

Naga 7 remains submerged off the coast of Sarawak after the incident on May 3. The incident area is secured while the Group is working with the insurance underwriters and Protection & Indemnity (P&I) Club on the way forward. The rig and other related liabilities are adequately covered under the Hull & Machinery insurance and the P&I

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