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Seadrill awarded a multi-year contract for the West Phoenix

December 24, 2019
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Seadrill Limited has secured a multiple well contract with Vår Energy AS for the West Phoenix for work on the Balder re-development project in Norway. Total contract value for the firm portion of the contract is expected to be approximately $302 million with commencement expected at the end of 2Q 2021 and running through 3Q 2023. In addition

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Odfjell grabs more work for the Deepsea Atlantic

December 20, 2019
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Equinor has today exercised three new wells for Deepsea Atlantic. Furthermore, two additional wells are pending final approval by Equinor and its licensees. The wells have been exercised under the Continued Optionality mechanism in the Contract entered into between the parties in May 2018, as part of the overall Master Frame Agreement. The work shall commence after the

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More work for Pacific Drilling in updated fleet status report

December 20, 2019
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Pacific Drilling announced that Chevron has exercised the third option for the Pacific Sharav at a dayrate of $225,000. Full fleet status report can be found here: Pacific Drilling Image: Pacific Drilling- Bora Check out our other current stories! Aker BP exercises the first 12 month option for Deepsea NordkappMaersk Drilling sells the Completer to Shelf DrillingDevon Energy Sells Barnett

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Aker BP exercises the first 12 month option for Deepsea Nordkapp

December 18, 2019
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Aker BP has today exercised the first 12 month option for Deepsea Nordkapp under the Contract entered into between the parties in April 2018. The first 12 month option shall commence after expiry of the two year firm period in May 2021. The approximate contract value for the firm scope is USD 128 million (excluding any integrated services).

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Maersk Drilling sells the Completer to Shelf Drilling

December 18, 2019
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Maersk Drilling has entered into an agreement with a subsidiary of Shelf Drilling, Ltd. to sell the jack-up rig Maersk Completer for USD 38m in an all-cash transaction. The transaction is subject to customary closing conditions, and the rig is expected to be delivered in January 2020. Maersk Completer, which was delivered in 2007, has been stacked in

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Devon Energy Sells Barnett Shale Assets for $770 Million

December 18, 2019
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Devon Energy Corp. today announced it has entered into a definitive agreement to sell its assets in the Barnett Shale to Banpu Kalnin Ventures (BKV) for $770 million. This transaction is subject to customary terms and conditions and is expected to close in the second quarter of 2020. Devon expects no incremental cash taxes associated with the

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Perenco cancels contract for the Maersk Resolute

December 18, 2019
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Maersk Drilling has received notification that Perenco is cancelling the previously announced three-well contract for the jack-up rig Maersk Resolute in the UK North Sea. OutPut previously shared the contract award here back in July. According to Perenco, the cancellation is due to the fact that the scope of Maersk Resolute’s previous contract was extended beyond the original schedule,

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Bassoe: Floater Report

December 17, 2019
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Recent fixtures have demonstrated the trend of increasing dayrates for UDW rigs. Among those to note are Transocean’s one-year contract for the semisub Development Driller III in Trinidad (early Q2 2020 start) at nearly $250,000/day. UDW drillship fixtures are coming in close to the $200,000 mark for early-2020 work now, and we expect rates to rise modestly over

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Maersk grabs three-well deal with BP offshore Trinidad

December 17, 2019
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Maersk Drilling has secured a three-well contract for the semi-submersible rig Maersk Discoverer with BP for development drilling at the Matapal project offshore Trinidad and Tobago. The contract has an estimated duration of 322 days and is expected to commence in July 2020. The value of the firm contract is approximately USD 78m, including a mobilization fee.

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BHP picks up the Noble Regina Allen for 6 months

December 16, 2019
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Noble issued its latest fleet status report on Thursday with an announcement for the Regina Allen. The award was from BHP and will start in September 2020 and carry out until February 2021. The dayrate for the contract is $120,000. Source: Noble Image: Noble Check out our other current stories! Transocean awarded 1 year contract for the DD III in TrinidadPopular News

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