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This week top of the list is Pacific grabbing up some work for the Bora with Nigerian Agip Limited, great to hear for those crews, Transocean brings in more work, the sister to Deepsea Metro 2 has sold to an unannounced Asian buyer for 262.5 million, miles driven back and forth to the Permian are being beat down by the boys in the Eagleford, Ulterra Drilling Tech has wrapped it up after 91 years of operations, sold to Blackstone.
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Here we go, we start off with the Pacific Bora heading back to work!
HOUSTON–(BUSINESS WIRE)–Oct 22, 2018–Pacific Drilling S.A. (OTC: PACDQ) (“Pacific Drilling†or the “Companyâ€) announced today that its deepwater drillship the Pacific Bora has been awarded a contract by Nigerian Agip Exploration Limited (a subsidiary of Eni SpA) for drilling operations in Nigeria. The term of the contract is for one firm well plus two additional option wells. The contract is expected to commence in mid to late November 2018 and firm contract backlog is estimated at $9 million.(more here)
In its latest fleet status report issued on Monday, October 22 Transocean said that the semi-submersible drilling rig Henry Goodrich has been awarded a one-year contract extension with Husky offshore Eastern Canada. The contract, with a dayrate of $275,000, is set to end in November 2019.
Paul B. Loyd, Jr. semi-submersible rig has been awarded a two-well contract by BP, which is expected to start in March 2019 plus four one-well options in the U.K. North Sea. The contract, for which the dayrate has not been disclosed, starts in March and ends in August 2019. (more here)
Golden Close Maritime Corp. announced [on Tuesday] the sale of their only drilling rig, the Deepsea Metro I, to an Asian buyer.
The drillship, built in 2011 by Hyundai Heavy Industries and managed by Odfjell Drilling, has been warm stacked in Malaysia since 2017 after seeing its most recent contract in disputed waters offshore Vietnam cut short due to force majeure. Since then, the rig has been a primary transaction candidate.
Although the buyer isn’t confirmed, it’s likely to be Turkish Petroleum (TPAO). TPAO acquired the Deepsea Metro I’s sister rig, Deepsea Metro II, (now called Fatih) in November 2017. (more here)
CALDWELL, Texas (AP) — Three years ago, Allen Startz found himself in an unwanted kinship with thousands of other oilfield workers in South Texas’ Eagle Ford shale — laid off with few prospects nearby.
The Houston Chronicle reports he left his home in Bryan to work in the Permian Basin in West Texas, making plenty of money, but growing exhausted from the grueling 450-mile trip he made every couple of weeks to visit his family, whom he missed dearly.
Today, however, he wakes up in his own bed each morning and heads to a job operating oilfield services trucks in the northeastern Eagle Ford, just 30 miles away. (more here)
NEW YORK — Blackstone Energy Partners announced today that it has entered into binding agreements to acquire a controlling, majority interest in Ulterra Drilling Technologies from affiliates of American Securities, LLC. American Securities and certain members of management will retain a minority equity interest in the Company going forward. Financial terms were not disclosed. The transaction is expected to close prior to year-end 2018. (more here)
Alright, that’s this week’s wrap up!
From all of us here at OutPut- Have a great week and stay safe!
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