Esgian studies recent finds confirmed in Guyana, China and Norway in its Week 12 Rig Analytics Market Roundup.
Report Outline:
Contracts
Dolphin Drilling has introduced the award of a $154 million drilling contract from India’s exploration and manufacturing firm, Oil India Limited (Oil India), to the 6,000-ft semisub Blackford Dolphin.
Malaysian offshore drilling agency Velesto confirmed Friday it had not too long ago secured long-term contract extensions for 3 of its jackup rigs with Petronas Carigali, value $265 million in whole.
Drilling Activity and Discoveries
ExxonMobil has reported its first discovery offshore Guyana in 2024 on the Bluefin effectively on the Stabroek block.
China’s CNOOC has made a serious oilfield discovery within the Bohai Sea, which provides over 100 million tonnes of oil equal proved in-place quantity.
Eni has begun its two-well exploration marketing campaign offshore Mexico with Valaris 8,500-ft semisubmersible Valaris DPS-5.
The Norwegian Ocean Industry Authority (Havtil) has given Aker BP consent for exploration drilling within the North Sea offshore Norway. The consent is said to exploration drilling operations in manufacturing licence PL102 F/G, operated by Aker BP in partnership with Petoro and PGNiG Upstream Norway.
Turkish Petroleum (TPAO) has completed drilling the Akseki-1 ultra-deepwater wildcat effectively offshore the Eastern Mediterranean after a seven-month operation.
Equinor has delineated the Heisenberg oil and gasoline discovery in wells 35/10-11 S and A within the North Sea and has additionally confirmed oil within the Hummer prospect.
The Orion-1X exploration effectively preliminary outcomes point out no industrial hydrocarbons, after reaching the goal reservoir in March 2024.
Demand
Harvester Energy has been awarded two blocks within the UK North Sea containing reserves appropriate for low-cost improvement.
Mobilisation/Rig Moves
Valaris 12,000-ft drillship Valaris DS-14 has arrived within the Canary Islands, the place the unit shall be stacked till it secures a contract.
The Valaris-owned 400-ft jackup Valaris 107 has began shifting in direction of a location off Western Australia to begin its plug and abandon (P&A) contract.
The 1,640-ft semisub rig Transocean Equinox has arrived in Australian waters, the place it would quickly begin drilling for Shell on the Crux area.
Other News
Following an incident from early February 2024, Diamond Offshore’s 10,000-ft semisubmersible Ocean GreatWhite is now anticipated to remain off fee a month longer than beforehand anticipated.
The boards of administrators of Vår Energi and Vår Energi Norge (previously Neptune Energy Norge) have agreed on a joint merger plan for an intra-group merger of the 2 corporations.
Africa Oil Corp. has made a money supply to accumulate as much as 8.0% of the issued shares in Impact Oil and Gas Limited from minority shareholders.
A consortium shaped by ExxonMobil and QatarEnergy has determined to not transfer ahead with the second exploration part of two blocks within the Malvinas Oeste basin, offshore southern Argentina.
UK-based geoscientific firm Geoex MCG Ltd has signed a contract for a multi-client seismic mission offshore Venezuela with Venezuela’s People’s Ministry of Petroleum (MINPET).
The New South Wales authorities has handed laws to ban offshore drilling; nevertheless, companions in PEP-11, an exploration allow for pure gasoline situated within the Offshore Sydney Basin, say the federal government has no jurisdiction over their block.
Jindal Drilling has permitted the acquisition of 350-ft jackup Jindal Pioneer from Discovery Drilling Pte. Ltd., Singapore, a Jindal Drilling three way partnership, for $75 million.
3D Energi has been granted a 2-year suspension and extension of the first time period work dedication for the WA-527-P petroleum exploration allow off Western Australia. This means the corporate now has till 28 December 2025, to accumulate the Sauropod MC3D seismic survey, with the allow time period now ending on 28 December 2028.
Zanzibar has launched its first licencing spherical, inviting bids for eight offshore blocks protecting a complete of 31,883 km².
Anasuria Hibiscus UK Limited, a subsidiary of Hibiscus Petroleum, has knowledgeable that the UK’s North Sea Transition Authority (NSTA) has permitted the extension request for the second time period of the Licence P2451, which incorporates an undeveloped Fyne oil area within the North Sea.
