Rosneft produced 2 million tonne of oil since the production start at the Northern Tip of Chayvo field in 2014. Image from Rosneft. The Northern Tip of Chayvo field is located in the Sakhalin shelf area…
Seadrill Partners has secured one-year contract extensions for the T-15 and T-16 tender rigs with Chevron Thailand E&P. The contracts will now expire in July and August 2019, respectively. The total backlog of the two contract extensions is approximately US$80 million…
Maersk Drilling has been awarded a contract with Maersk Oil for the jackup rig Maersk Guardian for accommodation on various fields in the Danish part of the North Sea. The firm contract duration is five years with commencement in September 2016…
Statoil Petroleum has received consent from the Petroleum Safety Authority (PSA) of Norway to use the COSLInnovator mobile drilling facility for drilling, completion, intervention, workover and well plugging on the Troll field. COSLInnovator…
Lundin Malaysia commenced drilling of the Imbok-1 exploration well in blocks SB307 and SB308, offshore East Malaysia. The Imbok prospect is in shallow water and lies to the east and south of two major producing fields in offshore East Malaysia…
Det norske oljeselskap has, on behalf of the partnerships in PL 203 (Alvheim) and PL 150 (Volund), awarded an agreement to Transocean Offshore for the lease of the semi-submersible drilling rig Transocean Arctic. The contract scope for drilling of four wells in the Alvheim area…
The Norwegian Petroleum Directorate (NPD) has granted Lundin Norway a drilling permit for well 16/4-10. Well 16/4-10 will be drilled from the Island Innovator drilling facility in position 58°35’03.08’’ north 02°10’21.95’’ east. The…
Over the past 14 months, 44 ultra deepwater floating rigs have been scrapped, amounting to more retirements than over the past 20 years combined. The figures, presented by Seadrill in its third quarter results, serve to underline the continuing tough market conditions for offshore drillers…
Dubai based rig builder and construction firm Lamprell is hoping work in the Middle East will help it buffer the downturn. The firm currently has seven concurrent jackup rigs being constructed at its Hamriyah yard, a record for the group…
Reusing wells on the Norwegian shelf can be good business. This is why the Norwegian Petroleum Directorate (NPD) is skeptical of the proposal to plug wells as a measure to keep drilling rigs in activity. As resource steward, the NPD wants…
Statoil is the operator for production license 104 and has received consent to drill exploration well 30/89 S on the Oseberg field. Statoil has allocated 54 days for the activity and will be drilling with the Songa Delta, in approximately 99m water depth…
Atwood Oceanics has announced two contract activities in the Gulf of Mexico (GoM) and offshore Brazil. The Atwood Advantage. From Atwood Oceanics. An Atwood Oceanics subsidiary…
Atwood Oceanics announced that one of its subsidiaries agreed to an extension and rate adjustment to its existing contract with Noble Energy for the ultra deepwater rig, the Atwood Advantage, effective 9 November, 2015. The agreement…
Statoil has decided to cancel a contract for use of the semisubmersible drilling rig Songa Trym, four months before the expiration of contract on 4 March 2016. Statoil has previously notified owner Songa Offshore that the rig would be suspended for a period…
For the offshore floating rig market, the downturn presented the perfect storm: too many rigs, not enough demand, and with some 200 newbuilds set to enter the market over the next decade. Audrey Leon reports. The Maersk Developer…