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International Rig Count up by 13 rigs from October 2018

November 11, 2019
| International Rig Count

Baker Hughes issued their international rig count data, here is the break down: The international rig count for October was 1,130, down 1 from the 1,131 counted in September and up 113 from the 1017 counted in October 2018. Latin America stayed flat with no change from September’s count of 189 units and is down 4 units year-over-year. The Asia-Pacific

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Seadrill announces a 2 year contract for the West Tellus

November 9, 2019
| Archives

Seadrill Limited has secured a two year contract with Petrobras for the West Tellus in Brazil.  Total contract value is expected to be approximately $170 million, inclusive of managed pressure drilling and ancillary services, with commencement expected in 4Q 2019, in direct continuation of its current contract with Petrobras. Source: Seadrill Check out our other current stories! Velesto grabs

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Velesto grabs three-year contract from Carigali Hess for the Naga 8

November 9, 2019
| Archives

Velesto Energy announced today that it has received a Letter of Award from Carigali Hess Operating Company for a three-year contract in Malaysia. The contract includes three six-month options. The estimated contract value for the firm period is $131 million, and the contract is expected to commence in the second half of 2020. Source: Valesto Check out our

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Maersk Drilling secures one-well extension for the Integrator

November 9, 2019
| Archives

Maersk Drilling has secured a contract extension offshore Norway for the ultra-harsh environment jack-up rig Maersk Integrator from Aker BP. In continuation of the rig’s current workscope for Aker BP, the Maersk Integrator will drill a well at the Tambar field in the Southern North Sea. The extension is expected to commence in September 2020, with an expected

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Island Drilling signs deal with Capricorn Norge

November 9, 2019
| Archives

Island Drilling Company AS is pleased to announce that the company has signed a Contract with Capricorn Norge AS the 31th of October, to drill one well on Duncan prospect — Block 35/8 in the North Sea and two optional wells Drilling is scheduled to commence in H1 2020. Island Drilling Management will be responsible for the operation

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Pacific Drilling lands more work

November 9, 2019
| Archives

In their 3rd quarter report pacific drilling announces that they have received the following: Equinor exercised a second option well, securing backlog for Pacific Khamsin into third-quarter 2020Pacific Bora awarded a new one-well contract from ENI in Oman As a reminder on the Pacific Khamsin grabbed one well deal plus options in the GOM back in April of this

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Borr adds $151m to backlog with new contracts

November 1, 2019
| Archives

Borr Drilling Limited has issued an updated fleet status report, the report includes news about five new contracts and extensions since the previous fleet status report in August 2019, comprising two newbuilds, one warm stacked rig and extensions of two active rigs. This is expected to add approximately 55 months and approximately USD 151 million of additional

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Vitoria 10000 sold for 15.05 million

October 31, 2019
| Archives

Bassoe.com reports that the second auction for the Petrobras-owned drillship, Vitoria 10000, the highest bid was $15.05 million. The name of the highest bidder is not yet disclosed, but indications point to a sale for recycling purposes. As previously reported the drillship went unsold on the first auction and Petrobras opened up a second auction for said vessel. Check

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