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Ocyan creates new company named Drillco

December 16, 2022
| Archives

Ocyan S.A. announced the creation of a new company (DrillCo), which will concentrate its drilling activities with its current five rigs, ODN I, ODN II, Norbe VI, Norbe VIII and Norbe IX – that will form part of the new company’s fleet. The new corporate structure is born in the context of the restructuring of the financial

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Subsea 7 awarded new contracts with AkerBP

December 16, 2022
| Archives

Subsea 7 has confirmed the award of three contracts by Aker BP; a major contract for Yggdrasil field development project (formerly NOAKA), a large contract for Skarv Satellite Project and a substantial contract for Valhall PWP-Fenris project, all located offshore Norway. The awards were pre-announced on 8 December 2022 and will be recorded in the backlog of Subsea and Conventional upon signature by

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ExxonMobil Guyana awards Saipem with $1.2 billion contract

December 16, 2022
| Archives

Saipem has been awarded new contracts in Guyana and Egypt for a total amount of approx. 1.2 billion USD. The first contract has been awarded by ExxonMobil Guyana, subject to government approvals, for the UARU oil field development project, located in the Stabroek block offshore Guyana at a water depth of around 2,000 meters. The contract scope includes the design, fabrication and installation

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Valaris issues fleet status update with estimated $275 million added to backlog

December 16, 2022
| Archives

Valaris Limited announced new contracts and contract extensions, with expected associated contract backlog to Valaris of approximately $275 million, awarded subsequent to issuing the Company’s most recent fleet status report on October 31, 2022. Contract backlog excludes lump sum payments such as mobilization fees and capital reimbursements. Valaris Contracts As previously announced on November 21, 2022, we were awarded

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Noble Innovator awarded new P&A contract in North Sea

December 14, 2022
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Noble has been awarded a contract from BP to provision the ultra-harsh environment jackup rig Noble Innovator for drilling and plugging and abandonment services in the UK sector of the North Sea. The contract is expected to commence in May 2023, with a firm duration of one year. The firm contract value is approximately $50 million. The

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Odfjell announces Deepsea Yantai extension

December 13, 2022
| Archives

Odfjell Drilling has announced that, on behalf of CIMC Offshore, the Company has agreed to extend the contract with Neptune Energy Norge for the use of the drilling rig Deepsea Yantai to drill two further firm wells in Norway. The scope of the work is estimated to take 60 days and is scheduled to commence in direct continuation of the two wells contracted with

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Solstad awarded multi-year contracts offshore UK

December 13, 2022
| Archives

Solstad Offshore has announced that its PSVs Normand Naley and Sea Frost have been awarded five-year contracts by Equinor UK. Both contracts will run for five years from January 2023. The contracts include options for further extensions. The Sea Frost, which has been on contract with Equinor since 2017, will be upgraded with a battery-hybrid system and shore power as part of the contract.

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Transocean lands multi-year contracts offshore Brazil

December 13, 2022
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Transocean has announced awards for its ultra-deepwater drillships, Deepwater Corcovado and Deepwater Orion, for work offshore Brazil with a national oil company. Together the two contracts represent approx. $1.04 billion in firm backlog. Deepwater Corcovado was awarded a four-year contract, which contributes an estimated $583 million in backlog and is expected to begin in the third quarter of 2023 in direct continuation of the rig’s

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Prosafe awarded new contract with Petrobras

December 13, 2022
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Prosafe has signed a contract with Petrobras for the provision of the Safe Zephyrus semi-submersible vessel for safety and maintenance support offshore Brazil. The contract has a firm period commitment of 650 days and an early commencement date of 1 May 2023 has been agreed. The contract value is approx. USD 73 million (equivalent to USD 112,500 per day). The Safe Zephyrus is one of the

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Shelf announces two new contracts in the Adriatic Sea

December 13, 2022
| Archives

Shelf Drilling has secured a three-year contract for the Shelf Drilling Resourceful and a two-year contract for the Key Manhattan with Eni for operations in the Adriatic Sea offshore Italy. Both contracts include multiple additional option periods, and the planned start-up of operations is Q2 2023 and Q4 2023 for the Shelf Drilling Resourceful and the Key Manhattan, respectively. David Mullen, Chief Executive Officer, Shelf Drilling, said: 'We are very pleased to build on our long-standing business partnership with Eni and expand our activity in the Adriatic Sea with these two contract awards. The Shelf Drilling Resourceful will work alongside the Key Manhattan rig which has delivered exceptional safety and operating performance to Eni since activity commencement in 2010. We believe that our unique operating platform and best in class safety and operating performance strongly

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