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Bassoe: Jackup Report

June 21, 2019
| Archives

Jackup fixtures have recently been focused on the Middle East, Mexico, and Malaysia. There are still around 13 jackups which have won multi-year work in Mexico and Qatar which are yet to be named, and further awards are expected in SE Asia, India, and West Africa. Utilization should remain above 75% and reach 80% this year, but

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Maersk finalizes the sale of the Giant

June 21, 2019
| Archives

Maersk Drilling has completed the sale of jack-up rig Giant (formerly named Maersk Giant) to the LOTOS Petrobaltic Group. The new owners will use the rig for drilling solely in the Baltic Sea, for jobs involving the LOTOS Petrobaltic Group and other contracting parties. “After reviewing different options, we believe that a sale of Giant creates the highest

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EnscoRowan signs drilling contract in Gulf of Mexico for E-102

June 21, 2019
| Archives

GulfSlope Energy, Inc. announced the execution of a drilling services contract with ENSCO Offshore Company LLC, a wholly-owned subsidiary of Ensco Rowan, a public limited company, to secure and utilize the E-102 jackup rig for the Company’s 2019 Gulf of Mexico drilling program. GulfSlope anticipates spudding a well before year-end in the Vermilion Area, South Addition Block

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27 blocks offered up in Equatorial Guinea licensing round

June 19, 2019
| Archives

The Ministry of Mines and Hydrocarbons (MMH) of Equatorial Guinea invite all Exploration and Production Oil & Gas Companies worldwide to participate in the 2019 Oil and Gas Licensing Round of Equatorial Guinea. “We want to welcome all investors from the oil industry to join us in developing our vast resources for the benefit of our country, and our international

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Perisai bags 200 day contract with Petronas in Malaysia

June 19, 2019
| Archives

The jackup Perisai Pacific 101 has been awarded a five-well contract with an estimated duration of 200 days. The contract is expected to commence between August 1st and September 1st, 2019. Based on the estimated contract value of $20 million, the dayrate is expected to be around $100,000. The PP 101 is Perisai’s first Jack-Up Drilling Rig

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KS Energy terminates newbuild with Shanghai Heavy

June 19, 2019
| Archives

The Board wishes to announce that KS Rig Invest Five Ltd (“KSRI5â€), a subsidiary of KS Drilling Pte Ltd. (“KS Drillingâ€) and ZPMC have mutually agreed to terminate the New Build Contract (the “Contractâ€) for the KS Java Star 3 (the “Rigâ€) with immediate effect (the “Termination Agreementâ€). The Termination Agreement was reached following discussions between KS

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Shell picks up Dolphin’s Borgland for 1 + 2 well deal

June 17, 2019
| Archives

Dolphin Drilling has signed a contract with A/S Norske Shell for drilling at the Knarr field on the Norwegian continental shelf. The contract includes drilling of one well and two one well options, the fixed contract value is USD 15 million including mobilization cost. Commencement window is February to May 2020. This contract reintroduces Dolphin Drilling and

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Seadrill bags a contract for the West Capricorn

June 17, 2019
| Archives

Seadrill Partners LLC has secured a one well contract with Kosmos Energy Gulf of Mexico Operations, LLC, for the West Capricorn in the US Gulf of Mexico. Backlog for the contract is expected to be approximately $10 million and commencement is expected in Q4 2019. The West Capricorn is a 6th generation ultra-deepwater semi-submersible drilling rig built

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2,535 Nautical Miles of Rig Moves Ahead of Monsoon Season

June 17, 2019
| Archives

India’s Oil and Natural Gas Corporation Limited (ONGC) has moved a record high 35 offshore drilling rigs to new locations ahead of the Indian monsoon season, said marine and offshore engineering consultancy Aqualis Offshore. Aqualis Offshore assisted with the majority of the rig moves, which were conducted with the company’s specialist team of mariners and structural and geotechnical

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