‘Sevan Louisiana’ to return to operations this week

Sevan Drilling, a Norway-based drilling contractor today said that its ‘Sevan Louisiana’ drilling rig should resume operations during the weekend.

The rig, hired by LLOG for work in the U.S. Gulf of Mexico, halted operations earlier this month due to a to a control system leak on the Blowout Preventer (BOP).
While the rig, built by Cosco Qidong Shipyard in China,  performed well in June, Sevan Drilling has warned that the leak will lead to a lower utilisation rate in Q3 2014.
“The leak required a shut-down of the well in progress in order to pull the BOP to the  surface for repairs. The company has made the required repairs and expects to be back on rate 30 August 2014,” Sevan Drilling has said in its quarterly report.
The Sevan Louisiana is an ultra deep water rig (UDW), built in 2013 at the Cosco shipyard in Nantong, China. The self-propelled rig, equipped with eight thrusters, can accommodate up to 150 crew members.
It is contracted with LLOG in the US Gulf of Mexico for a firm period of 1,095 days and the total revenue potential for the primary contract term is approximately USD 585.5 million inclusive of the mobilization fee.
Back to black
For the second quarter of 2014, Sevan Drilling reported net profit of $9.2 million, compared to a net loss of $35.5 million in the same quarter of 2013.

The company’s operating revenue was $88.6 million in 2Q 2014 compared to $63.9 million in Q2 2013.

Operating revenue consisted of earnings from Sevan Driller, Sevan Brasil and Sevan Louisiana rigs. The company explained that the revenue increase was due to improved operational performance of Sevan Driller and Sevan Brasil, and earnings from Sevan Louisiana which began operations on 28 May.

 

Offshore Energy Today Staff, August 27, 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