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Author: Admin

PV Drilling bags 5 well deal with KrisEnergy

August 14, 2020
| Archives

A letter of award has been agreed with PV Drilling for the PVD III jack-up rig to drill five development wells for the Apsara Mini-Phase 1A development. Mini Phase 1A is an additional five-well mini platform to supplement Phase 1A1 of the Production Permit Application dated 10 January 2017. The components of Mini Phase 1A are: A simple wellhead support

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Maersk Integrator awarded one-well deal with Aker BP

August 14, 2020
| Archives

Maersk Integrator awarded one-well contract with Aker BP in Norway in direct continuation of the rig’s current work scope with an estimated duration of 73 days. The contract is expected to commence in February 2021 and has a firm value of approximately USD 18.5m, excluding integrated services provided and a potential performance bonus Source: Maersk Drilling

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Strong operational performance and backlog built for 2021 says Maersk Drilling in H1 Finance Report

August 14, 2020
| Archives

Today, the Board of Directors of The Drilling Company of 1972 A/S (“Maersk Drilling”) has adopted the interim financial report for the first half of 2020 (H1 2020): Performance highlights for Q2 2020 (Q1 2020 in brackets) Revenue of USD 305m (USD 279m) as lower utilisation was more than offset by a higher average day rate Contracted days were 1,303

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DeepSea Stavanger Arrives in Capetown Prior to Total Contract

August 13, 2020
| Archives

Mineral Resources and Energy Gwede Mantashe has announced the arrival of the DeepSea Stavanger drilling rig in Cape Town. The rig has been commissioned by petroleum giant Total and its partners to drill the Luiperd prospect in Block 11B/12B off the Mossel Bay coast, Western Cape. “The arrival of the drill rig, following the recent successful Brulpadda discovery, reaffirms confidence in

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Shelf Drilling Fleet Update Highlights

August 13, 2020
| Archives

Shelf Drilling released their fleet status update and below are the highlights Recent Events: High Island IV received notice of suspension of operations from Saudi Aramco at zero dayrate for up to 12 months beginning late June 2020; contract term to be extended by equal period. Trident 16 early-termination notice rescinded, rig on call out contract with Petrobel Egypt

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Sembcorp Marine plans demerger from Sembcrop Industries amidst prolonged industry downturn

August 12, 2020
| Archives

Shareholders have given their blessing to the demerger of Sembcorp Marine (SembMarine) from its parent company, Sembcorp Industries (Sembcorp) following votes in favour of three resolutions at two extraordinary general meetings (EGMs) held on Tuesday morning (Aug 11). The greenlight is now given for the $2.1 billion recapitalisation plan for SembMarine, the group's offshore marine arm bleeding badly from the industry's prolonged downturn amid an

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Awilco Q2 Highlights

August 12, 2020
| Archives

Awilco Drilling releases their second quarter update, below are the highlights: Q2 Report  Awilco Drilling PLC reported contract revenue of USD 6.4 million (nil Q1), EBITDA USD 1.5 million loss (USD 7.4 million loss in Q1) and a net loss of USD 4.6 million (USD 9.4 million loss in Q1) Revenue efficiency was 100% during the quarter (nil in Q1) Operational

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Petrobras looking to contract two high spec rigs for 2,400 meter tender

August 12, 2020
| Archives

Petrobras published today (11) a tender for the chartering and provision of operating services for at least one or even two high-specification marine drilling rigs for operation in water depths of up to 2,400 meters. The term of the contract to be awarded to the winning bidder will be three years. The opening of the envelopes is scheduled for

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Most Active User Contest Week 33

August 11, 2020
| Archives

Most Active User Contest We give away $100 bucks each week! We want to see you using the app, getting active on the newsfeed, sharing the app with your friends by using the invite option, bringing new people along, get some great content on there, and have some friendly competition whether it be by video, photo or text We want

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Barry Mutch – My COVID situation

August 11, 2020
| Archives

I have been a regular visitor to Thailand for 8 years now and been in Hua Hin for 4 of those.  I work offshore, world wide on a 4 week on 4 off rotation.  I very rarely spend more than 25/26 days a time in Thailand, so I have never required a visa or work permit.   I have been with

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