Iran’s Marine-1 semi-submersible drilling rig is set to begin a 12-wells drilling campaign in the phase 20 of the South Pars gas field in the Persian Gulf, according to Pourya Pornouri, Managing-Director of the International Drilling Company. The campaign will take three years to finish. According to the news published on the Pars Oil and Gas Company’s web [...]
Seadrill Limited has today completed the transaction to sell the T-15 tender rig to Seadrill Partners. The agreed upon sale is for a total price of US$210 million, less approximately US$100 million of debt outstanding under the credit facility secured by the T-15. The balance of the total consideration is being financed with vendor [...]
Keppel FELS has delivered a second KFELS B Class jackup rig to offshore Mexican oil field services company, Integradora de Servicios Petroleros Oro Negro (Oro Negro). Named Laurus at Keppel FELS today, the rig was delivered eleven days early and with a perfect safety record. Laurus is the second of two high-specification jackup rigs that [...]
Transocean’s ultra-deepwater semi-submersible rig, Sedco Express (EXS), was working offshore Nigeria for customer ENI when it received news of a nearby fuel tanker on fire. According to the press statement issued by the owner of the rig, the Sedco Express crew played a vital role in coordinating a rescue effort for 13 lives. On Tuesday [...]
Mubadala Petroleum has decided to further extend the Songa Venus rig contract to cover an additional two firm wells and two option wells in Vietnam under the current contract terms and conditions. The two additional wells have a total estimated duration of 80 days and corresponding revenue of approximately USD 19 million. The Venus program [...]
Sikorsky Aircraft Corp. has announced the Federal Aviation Administration (FAA) has approved a new functionality on the S-92 helicopter to provide offshore oil operators with an automated approach that reduces cockpit workload by 60 percent and allows safer operations under challenging weather and operating conditions. Sikorsky, a subsidiary of United Technologies Corp. , developed the [...]
Seadrill Limited (“Seadrill) has today entered into an agreement to sell the companies that own and operate the tender rig T15 to Seadrill Partners LLC for a total consideration of US$210 million, less approximately US$100 million of debt outstanding under the credit facility secured by the T15. The balance of the acquisition price will be [...]
India-based drilling contractor Aban Offshore Ltd has informed Bombay Stock Exchange that it has secured a contract for its jack-up rig Deep Driller 7. The company’s shares rose 3.6 pct. Under the contract, the rig, built in 2006 by PPL Shipyard Pte Ltd, Singapore, will be deployed offshore Mexico for a firm period of 1005 days, [...]
Songa Offshore, a Cyprus-based drilling contractor, has announced its drilling rig fleet status update for April 2013. Songa Dee achieved an operating efficiency of 100% during the month continuing working for Statoil in Norway. Songa Delta achieved an operating efficiency of 100% during the month continuing working for Statoil in Norway. Songa Trym achieved an [...]
Rialto Energy Ltd. has entered into an agreement with Vantage Drilling Company regarding payment terms in relation to the early termination of the rig contract regarding the Vantage Sapphire Drilling Rig. Under the terms of the settlement, Rialto will pay Vantage an amount equal to 75 days of operating rate, being US$12.375 million in aggregate. [...]
