Ensco wins jack-up rig contract in Malaysia

Ensco, a UK-based offshore drilling contractor, has secured a three-year contract for its ENSCO 52 jack-up rig.

The ENSCO 52 jack-up, of the F&G L-780 Mod IIC design was contracted with Murphy Oil company in Malaysia.

In its fleet status report issued Monday, Ensco revealed that the day rate for the contract was set in high $90.000s up from the previous day rate of mid $80.000s with the same client.

Furthermore, the rig owner used the opportunity to report on the rig’s safety record ENSCO 52 saying that the rig recently surpassed three years without a Recordable Incident.

Malaysia is Murphy Oil’s main asset base producing more than 40% of the company’s total 2013 net production.

Murphy holds majority interests in seven separate production sharing contracts (PSCs): Block K, Block H, Block P, SK 309, SK 311 and SK 314A, and three gas holding agreements in PM 311.

In 2013, Murphy’s Malaysia net production was about 86,000 boepd, and the company booked total proved reserves 125 MMBO and 406 BCF.

The U.S. based oil company is reportedly looking to divest around 30 per cent of its Malaysian assets. Industry players such as Japan’s Mitsubishi and Mitsui , India’s ONGC and Oil India, Vietnam’s Petrovietnam and Kuwait Petroleum Corporation have all reportedly shown interest in making a swoop for Murphy’s equity in Malaysia.

 

 

Offshore Energy Today Staff, August 20, 2014

 

Share this article

Follow Offshore Energy Today

Events>

<< Dec 2019 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

Africa Oil Week 2020

For over 25 years Africa Oil Week has been the meeting place for Africa’s most senior E&P stakeholders.

read more >

CERAWeek 2020

 Each year, CERA clients gathered for a few days in Houston…

read more >

Offshore Technology Conference (OTC) 2020

The Offshore Technology Conference (OTC) showcases leading-edge technology for offshore drilling, exploration…

read more >

2020 EXPLORATION AND PRODUCTION STANDARDS CONFERENCE ON OILFIELD EQUIPMENT AND MATERIALS

The development of consensus standards is one of API’s oldest and most successful programs.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply