Japan Drilling has found work for another jack-up rig with the North Oil Company on the giant Al Shaheen oil field offshore Qatar.
This will be a second rig deal awarded to Japan Drilling on the Al Shaheen field after the Hakuryu 12 jack-up was awarded a two-year firm deal with the NOC in early June.
The company said on Tuesday that the Hakuryu 10 jack-up rig was also awarded a two-year deal with additional two one-year extension options.
Japan Drilling added that the contract, signed on October 10 and scheduled to start in January 2018, was worth around $46 million, not including the possible extensions.
The rig is a Baker Marine Pacific Class 375 three-leg self-elevating cantilever type drilling rig built by PPL Shipyard, Singapore, in 2008. According to specs, the Hakuryu 10 has a maximum drilling depth of 30,000 ft (9,144 m) and can accommodate 120 people.
According to InfieldRigs, the Hakuryu 10 is currently ready-stacked in Indonesia.
The Al Shaheen field is among the world’s largest oil fields. It has been producing oil for over 20 years and holds the potential to produce a few-fold of the oil it has produced so far. It currently produces around 40% of Qatar’s crude oil, at around 300,000 barrels per day.
The field was operated by Maersk Oil until July 2017 at which time its 25-year production sharing agreement with Qatar Petroleum expired.
The operatorship of the giant Qatari field was taken over by NOC, a joint venture company between Qatar Petroleum and French oil major Total.