Esgian experiences on the various rig actions that occurred final week in its Week 16 Rig Analytics Market Roundup.
Report Summary
Contracts
ADES Holding Company has acquired a letter of award from a global oil firm for a one-year agency drilling contract for a jackup offshore Qatar.
CompleteEnergies has exercised a three-well possibility for Transocean 12,000-ft drillship Deepwater Skyros offshore Angola at a fee of $400,000, retaining the rig working into December 2025.
After initially starting a short-term job within the US GOM in January 2024, Transocean 12,000-ft drillship Deepwater Invictus has had its work with an undisclosed shopper prolonged into July 2024.
Market sources point out that a number of ADES jackups have begun their suspension durations below a latest settlement with Saudi Aramco.
Drilling Activity and Discoveries
China’s CNOOC has began infill drilling operations in Beibu Gulf, off China, Horizon Oil, a accomplice within the mission mentioned on Monday.
Valeura Energy has not too long ago made three oil discoveries offshore Thailand.
Transocean’s 1,640-ft semisub rig Transocean Equinox is predicted to start out drilling for Shell on the Crux discipline offshore Australia this week.
Vår Energi has made an oil discovery within the Ringhorne Nord (wells 25/8-23 S and 25/8-23 A & B), north of the Ringhorne Øst discipline, within the Balder space off Norway.
Woodside Energy has reached an FID on the Xena-03 offshore properly within the Xena discipline to assist ongoing manufacturing from the Pluto LNG Project in Australia.
Demand
EnergyPathways is in progressive engagement with regulators to allow fast-track growth of its Marram fuel mission situated within the Irish Sea.
Hartshead Resources and its three way partnership (JV) companions within the Phase 1 fuel discipline growth within the UK North Sea (Somerville and Anning) are dedicated to progressing the mission, topic to receiving certainty concerning future fiscal coverage.
Baron Oil’s Timor Leste subsidiary SundaGas has selected the brand new location for the Chuditch-2 appraisal properly web site after a survey confirmed that the seabed on the beforehand proposed properly web site was unsuitable for a jackup rig.
Deltic Energy considers its Central North Sea oil prospect Syros ‘drill prepared’ and is working to safe a three way partnership accomplice by means of a farm-out course of forward of a required properly dedication.
Europa Oil & Gas has restarted a farm-out course of for its operated FEL 4/19 licence situated within the Slyne Basin offshore Ireland, which comprises the Inishkea West prospect.
i3 Energy and Europa Oil & Gas proceed to asses numerous growth situations for the Serenity discipline discovery situated in licence P.2358 within the UK North Sea, however there are considerations over the affect of doable future modifications within the UK’s fiscal regime on mission economics.
Ping Petroleum UK has acquired a “Letter of no objection” from the UK’s North Sea Transition Authority (NSTA) in relation to the proposed growth idea for the Licence P2451 within the Central North Sea, which comprises the Fyne oil discipline.
Mobilisation/Rig Moves
Transocean 12,000-ft drillship Deepwater Aquila arrived in Rio de Janeiro, Brazil on 14 April 2024 after over a month-long journey from Singapore.
The seventh technology drillship is ready to start a 3-year contract with Petrobras in early June, including to Brazil’s fleet of at the moment contracted rigs, with Petrobras managing 26 out of 31.
The Foresight-owned 350-ft jackup Foresight Driller IX will carry out its contract preparation in Mumbai, India.
Vantage Drilling’s 12,000-ft drillship Platinum Explorer arrived in Labuan, Malaysia from Singapore on Wednesday, 17 April.
Noble’s 12,000-ft drillship Noble Faye Kozack has left the Las Palmas port in Spain en path to Brazil for a contract with Petrobras.
Transocean 12,000-ft drillship Dhirubhai Deepwater KG1 will begin work for ONGC offshore India this month after round 86 days of contract preparations that started in late January 2024.
ADES’ 250-ft jackup Admarine 261 has began transferring in direction of its drilling location within the Persian Gulf to start out a contract with Saudi Aramco.
COSL Drilling’s 2,460-ft semisub COSLPioneer has accomplished its contract with Ithaca Energy on the Captain discipline within the UK North Sea and is transferring on to a brand new contract with CNOOC.
Eldorado Drilling’s not too long ago delivered 12,000-ft drillship, Dorado, has arrived in Labuan, Malaysia. The drillship was delivered by Samsung Heavy Industries in South Korea earlier this month.
