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Ocyan books more work with Petrobras

May 19, 2022
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According to Esgian, an Oslo based company that provides analytical tools for the energy industry, noted that the Ocyan drillship ODN II has received a new charter from Petrobras. The work scope covers projects in the Equatorial Margin off the Brazilian coast. Operations are set to begin in the fourth quarter of 2022. The 2012-built rig is currently

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West Hercules to be managed by Odfjell Drilling

May 19, 2022
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Odfjell Drilling announced they would provide marketing and management services for the harsh environment semisubmersible drilling rig West Hercules. The agreement is based on terms and conditions customary for this type of agreements. Odfjell Drilling is privileged to once again be chosen for our strong operational track record and marketing excellence in securing work. We further view the cooperation

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Maersk publishes fleet status update with a backlog of $2.1 billion

May 19, 2022
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Commercial activity in Q1 2022: Maersk Integrator: Maersk Drilling and Aker BP have entered into a rig swap agreement whereby the jack-up rig Maersk Reacher is to be replaced by the low-emission jack-up rig Maersk Integrator offshore Norway end-February/early March 2022. Maersk Integrator will be prepared for well intervention and stimulation activities at the Valhall and Hod

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Borr lands 4 year contract for the Saga

May 19, 2022
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Borr Drilling Limited announced it has secured a binding Letter of Award (“LOA”) for the premium jack-up drilling rig “Saga” from an undisclosed operator in Southeast Asia. The program is expected to commence in Q4 2022, in direct continuation of the current contract, for a duration of four years plus options. Source: Borr Drilling Join our mailing list here

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PetroRio looks to purchase the West Capricorn from Aquadrill

May 11, 2022
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Petro Rio S.A. (“Company” or “PRIO”) informs to its shareholders and the market in general that it entered into an agreement with Aquadrill LLC (“Aquadrill”) that gives PRIO the opportunity to acquire the Capricorn semi-submersible rig (“Rig”). The semi-submersible hybrid Rig, suitable for drilling water depths of 80 to 3,000 meters, will be primary used in PRIO’s fields’

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PETRONAS awards drilling contract to Japan Drilling for work offshore Malaysia

May 11, 2022
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Japan Drilling Co. has announced that its subsidiary company 'Hakuryu 5, Inc.' and its agent in Malaysia, NABA Drilling, have agreed to provide drilling services to PETRONAS Carigali for a semi-submersible drilling rig 'HAKURYU-5' for the drilling contract awarded by PETRONAS to NABA Drilling. The main terms of the contract are as follows: 1. Operating Area :Offshore Sarawak, Malaysia 2. Period of Contract :Four (4) Firm Wells + Six

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Maersk Drilling secures extension for Maersk Developer offshore Brazil

May 11, 2022
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Karoon Energy has exercised options to add the drilling of up to two wells at the Neon field offshore Brazil to the work scope of the semi-submersible rig Mærsk Developer. The contract extension has a duration of 80 days, in direct continuation of the rig’s previous work scope. The contract extension has a firm contract value of approx. USD 21m. 'We’re delighted to

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Valaris sells 2 jackups to ADES

April 29, 2022
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Valaris Limited announced that it has sold heavy duty modern jackups VALARIS 113 and 114 to ADES Saudi Limited for a total of $125 million. VALARIS 113 and 114 are PPL Pacific Class 400 jackups, both delivered in 2012. Both rigs have been stacked in the Philippines since they completed their last contracts in late 2015. President and

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Seadrill awarded multiple contracts in the Middle East

April 29, 2022
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Seadrill Limited announced that it has been awarded three contracts by a leading operator for the West Ariel, West Cressida, and West Leda for work in the Middle East. The firm-term of each contract is three years with expected commencement between Q1 2023 and Q2 2023. Total contract value for the three contracts is approximately $404m (inclusive of mobilization revenue). Upon

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Maersk Resolute receives extension

April 29, 2022
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ONE-Dyas B.V. has exercised an option to continue employing the harsh environment jack-up Maersk Resolute in the Dutch sector of the North Sea. The one-well contract extension is expected to commence in May 2022, in direct continuation of the rig’s current work scope, with an estimated duration of 75 days. The contract value of the extension is approximately

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