Esgian studies that drilling contracts have been introduced this week for operations in Brazil and the Philippines, and new discoveries have been confirmed within the UK and Namibia in its Week 11 Rig Analytics Market Roundup.
Contracts
COSL Drilling has emerged because the winner for Petrobras’ moored semisubmersible tender with the 4,600-ft Nanhai 8 (also called Nan Hai Ba Hao).
Noble has secured a high-dayrate drillship contract with Prime Power within the Philippines.
Drilling Exercise and Discoveries
Wintershall Dea will start drilling the Kan-2 appraisal properly on Block 30 offshore Mexico within the second half of 2024, following up the corporate’s discovery on the Kan exploration prospect made in April 2023.
UK operator Harbour Power has reported a small gasoline discovery at its Ametyst exploration properly situated offshore Norway.
The Norwegian Ocean Business Authority (Havtil) has given Equinor consent for exploration drilling of a properly within the Barents Sea with the 1,640-ft semisubmersible Transocean Enabler.
Harbour Power has not too long ago confirmed a gasoline discovery in its Ametyst properly offshore Norway and the Norwegian Offshore Directorate (NOD) has now shared particulars about found sources.
Norwegian operator Vår Energi is on monitor for doubling manufacturing by end-2025 with a tangible plan for sustaining manufacturing of 350-400 thousand barrels of oil equal per day (kboepd) in the direction of 2030.
Pertamina’s subsidiary PT Pertamina Hulu Energi Offshore Northwest Java (PHE ONWJ) is seeking to enhance drilling actions within the Northwest Java Sea within the close to future.
The Norwegian Offshore Directorate (NOD) has granted Equinor a drilling allow for properly 15/3-13 S & 15/3-13 A situated offshore Norway.
The Norwegian Offshore Directorate (NOD) has granted Aker BP a drilling allow for an exploration properly within the North Sea.
Portugal’s Galp Energia has drilled the Mopane-2X properly, situated in block PEL83 offshore Namibia, to its designed depth, and made a light-weight oil discovery.
Demand
Talking throughout the Saudi Arabian state oil firm Saudi Aramco’s 2023 outcomes name, CEO Amin Nasser mentioned the corporate can be dropping a couple of offshore rigs engaged on oil tasks, however that it will additionally decide up extra rigs for work on gasoline tasks.
Oil and Pure Gasoline Company Restricted (ONGC) has opened business bids for its four-jackup tender, which is estimated to start out in This fall 2024. The bidders are Shelf Drilling, Dynamic Drilling, and Greatship.
Eco Atlantic Oil & Gasoline CEO Gil Holzman mentioned throughout an organization presentation that Eco Atlantic is in lively discussions with 9 to 10 corporations to farm out as much as 80% curiosity within the Orinduik Block offshore Guyana.
Following the latest farm-in of TotalEnergies and QatarEnergy to Block 3B/4B offshore South Africa, companion Eco Atlantic Oil & Gasoline expects the drilling of two exploration wells on the block to start within the subsequent 18 months.
Mobilisation/Rig Strikes
Transocean’s 1,640-ft Cat D rig, the Transocean Equinox, has set sail from Singapore and is now en path to Australia, to start its contract with Shell.
Seadrill’s 10,000-ft drillship West Polaris has arrived in Singapore, with Seadrill taking up administration of the rig from Vantage Drilling.
Diamond Offshore’s 10,000-ft semisub Ocean GreatWhite is predicted to go away bp’s Schiehallion discipline situated West of Shetland on Monday 11 March and go to a port for restore and upkeep following an incident earlier this 12 months.
Transocean’s 12,000-ft drillship Deepwater Aquila has left Singapore and begun its journey to Brazil, the place the rig is scheduled to start a three-year time period with Petrobras in June 2024.
Properly-Secure Options’ 1,200-ft semisub Properly-Secure Defender has arrived in Invergordon, Scotland following the completion of a brief P&A contract within the UK North Sea.
Different Information
Challenger Power signed its AREA OFF-3 license offshore Uruguay on 7 March 2024.
Brazilian rig proprietor and supervisor Petroserv Marine Inc. and PS Marine Holding Ltd, a particular goal automobile fashioned by a consortium of monetary buyers, have signed an settlement below which the consortium will purchase considerably all of Petroserv’s property by way of a share buy of Petroserv’s direct subsidiary, Common Power Assets Inc.
Bangladesh has launched an offshore bidding spherical providing 9 shallow water blocks and 15 deepwater blocks, in its first offshore bid spherical since 2012.
Discussions over a proposed transaction through which a consortium of bp and ADNOC would purchase 50% of Israeli partnership NewMed Power have been suspended, with the events citing “uncertainty created by the exterior atmosphere.”
Power Drilling (Edrill), an organization specialising in tender help drilling rigs, and China’s SinoOcean Belongings Administration have agreed to work in the direction of larger cooperation in providing extra offshore property to the worldwide market.
Dolphin Drilling has decided to scrap the 1,500-ft semisubmersible rig Bideford Dolphin.
