Rig Lynx Weekly Rundown – Seadrill New Finance Limited Emergences from Chapter 11

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Seadrill New Finance Limited (to be renamed Paratus Energy Services Ltd.) Emergences from Chapter 11

Seadrill Limited and the Issuer announced that the Issuer has emerged from chapter 11 after successfully completing its pre-packaged restructuring pursuant to its chapter 11 plan of reorganization (the “Plan”).

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KCA Deutag bags 10 year newbuild deal for 4 rigs

Petroleum Development Oman (PDO) will award KCA Deutag Energy a ten-year contract for the provision of drilling services with four new highly automated rigs that will be built in the Sultanate of Oman.

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Valaris awarded new floater contract from Murphy 

Valaris has been awarded two one-well contracts with subsidiaries of Murphy Oil Corp for semisubmersible VALARIS DPS-5.

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Saipem struggles with losses going into 2022

Saipem is talking to investors about a possible funding package, the group said on Monday after warning it will take a heavy loss for 2021, triggering a halt in its shares to prevent a stinging sell-off.

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JDC awarded a contract with Inpex

Japan Drilling Co (JDC) has announced that its subsidiary company 'Hakuryu 5, Inc.' has entered into a drilling contract with INPEX Offshore San-in Co. for the provision of a semi-submersible drilling rig 'HAKURYU-5'.

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Oil Prices

Feb 6, 2022

WTI

$92.04

Brent

$93.92

Natural Gas

$4.57

Rig Count

U.S. & Canada – February 4, 2022

International – February 4, 2022

International Rigs

( +7 ) 841

U.S. Rigs

( +3 ) 613

Canada Rigs

( +1 ) 218

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