Esgian reviews that drilling contracts have been introduced this week for operations in Brazil and the Philippines, and new discoveries have been confirmed within the UK and Namibia in its Week 11 Rig Analytics Market Roundup.
Contracts
COSL Drilling has emerged because the winner for Petrobras’ moored semisubmersible tender with the 4,600-ft Nanhai 8 (often known as Nan Hai Ba Hao).
Noble has secured a high-dayrate drillship contract with Prime Energy within the Philippines.
Drilling Activity and Discoveries
Wintershall Dea will start drilling the Kan-2 appraisal nicely on Block 30 offshore Mexico within the second half of 2024, following up the corporate’s discovery on the Kan exploration prospect made in April 2023.
UK operator Harbour Energy has reported a small fuel discovery at its Ametyst exploration nicely positioned offshore Norway.
The Norwegian Ocean Industry Authority (Havtil) has given Equinor consent for exploration drilling of a nicely within the Barents Sea with the 1,640-ft semisubmersible Transocean Enabler.
Harbour Energy has lately confirmed a fuel discovery in its Ametyst nicely offshore Norway and the Norwegian Offshore Directorate (NOD) has now shared particulars about found sources.
Norwegian operator Vår Energi is on observe for doubling manufacturing by end-2025 with a tangible plan for sustaining manufacturing of 350-400 thousand barrels of oil equal per day (kboepd) in direction of 2030.
Pertamina’s subsidiary PT Pertamina Hulu Energi Offshore Northwest Java (PHE ONWJ) is trying to enhance drilling actions within the Northwest Java Sea within the close to future.
The Norwegian Offshore Directorate (NOD) has granted Equinor a drilling allow for nicely 15/3-13 S & 15/3-13 A positioned offshore Norway.
The Norwegian Offshore Directorate (NOD) has granted Aker BP a drilling allow for an exploration nicely within the North Sea.
Portugal’s Galp Energia has drilled the Mopane-2X nicely, positioned in block PEL83 offshore Namibia, to its designed depth, and made a light-weight oil discovery.
Demand
Speaking throughout the Saudi Arabian state oil firm Saudi Aramco’s 2023 outcomes name, CEO Amin Nasser mentioned the corporate can be dropping just a few offshore rigs engaged on oil initiatives, however that it could additionally choose up extra rigs for work on fuel initiatives.
Oil and Natural Gas Corporation Limited (ONGC) has opened industrial bids for its four-jackup tender, which is estimated to begin in This fall 2024. The bidders are Shelf Drilling, Dynamic Drilling, and Greatship.
Eco Atlantic Oil & Gas CEO Gil Holzman mentioned throughout an organization presentation that Eco Atlantic is in energetic discussions with 9 to 10 corporations to farm out as much as 80% curiosity within the Orinduik Block offshore Guyana.
Following the current farm-in of CompleteEnergies and QatarEnergy to Block 3B/4B offshore South Africa, accomplice Eco Atlantic Oil & Gas expects the drilling of two exploration wells on the block to start within the subsequent 18 months.
Mobilisation/Rig Moves
Transocean’s 1,640-ft Cat D rig, the Transocean Equinox, has set sail from Singapore and is now en path to Australia, to start its contract with Shell.
Seadrill’s 10,000-ft drillship West Polaris has arrived in Singapore, with Seadrill taking up administration of the rig from Vantage Drilling.
Diamond Offshore’s 10,000-ft semisub Ocean GreatWhite is predicted to go away bp’s Schiehallion subject positioned West of Shetland on Monday 11 March and go to a port for restore and upkeep following an incident earlier this 12 months.
Transocean’s 12,000-ft drillship Deepwater Aquila has left Singapore and begun its journey to Brazil, the place the rig is scheduled to start a three-year time period with Petrobras in June 2024.
Well-Safe Solutions’ 1,200-ft semisub Well-Safe Defender has arrived in Invergordon, Scotland following the completion of a brief P&A contract within the UK North Sea.
Other News
Challenger Energy signed its AREA OFF-3 license offshore Uruguay on 7 March 2024.
Brazilian rig proprietor and supervisor Petroserv Marine Inc. and PS Marine Holding Ltd, a particular goal car fashioned by a consortium of economic buyers, have signed an settlement below which the consortium will purchase considerably all of Petroserv’s property through a share buy of Petroserv’s direct subsidiary, Universal Energy Resources Inc.
Bangladesh has launched an offshore bidding spherical providing 9 shallow water blocks and 15 deepwater blocks, in its first offshore bid spherical since 2012.
Discussions over a proposed transaction wherein a consortium of bp and ADNOC would purchase 50% of Israeli partnership NewMed Energy have been suspended, with the events citing “uncertainty created by the external environment.”
