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Gulf of Mexico: BP Extends Discoverer Enterprise Drillship Contract

Transocean has secured a contract extension for its Discoverer Enterprise drillship in the U.S. Gulf of Mexico.

The nine-month contract extension has been awarded by BP. The extension begins in January next year, with the expiration date set for October 2014. The new dayrate for the drilling unit has been set at $615.000 ($166 million estimated backlog).  The rig’s prior dayrate was $515,000.

Discoverer Enterprise is a fifth generation deepwater double hulled dynamically positioned drillship, capable of operating in moderate environments and water depths up to 3,049 m (10,000 ft).   From 1998 to 2005 the vessel was Panama-flagged and currently flies the flag of convenience of the Marshall Islands.

Also, the company said it sold the standard jackup, GSF Rig 127, which was previously held for sale. The details of the transaction have not been disclosed.

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Rowan Secures Contract for “Rowan Resolute” Drillship. Sells “Rowan Paris” Rig

The U.S. based drilling contractor Rowan Companies has entered into a three-year contract with Anadarko Petroleum Corporation.

The drillship is expected to be delivered at the end of the second quarter 2014 and operate in the U.S. Gulf of Mexico starting in the late third quarter 2014.  The Rowan Resolute is one of four ultra-deepwater drillships being constructed for Rowan by Hyundai Heavy Industries Co. Ltd. (“HHI”) shipyard in Ulsan, South Korea.

With the award of this contract for the Rowan Resolute, two of the Company’s four ultra-deepwater drillships under construction at HHI are now under contract.  The remaining two uncontracted drillships are scheduled to be delivered from the shipyard at the end of October 2014 and March 2015.

Rowan, in its fleet status report, said that the day rate for the contract is in the high $600.000s.

Rig contract in Indonesia

Also, the company has informed it has secured a 170 day contract with Pertamina Hulu Energi for Gorilla II rig in Indonesia at a day rate in the high $160s (above previous day rate in the mid $130s) expected to commence operation in September 2013.

Further in the report for June 2013, Rowan said it has sold the Rowan Paris rig for $40 million in June 2013.

Offshore Energy Today Staff, June 20, 2013

VIDEO: ‘Overdrill’ Drillship Design by Fincantieri and Aker Solutions

Fincantieri, one of the world’s largest shipbuilders, has launched a video showing its drillship design: The Overdrill.

The vessel is the next generation drillship which will enable the drilling contractors to drill to a maximum depth of 50.000 feet.

The design has been developed by joint effort of Fincantieri and Aker Solutions. The OVERDRILL design was first introduced to the public last month during the Offshore Technology Conference in Houston, USA.

During the event, Giuseppe Coronella, EVP of Fincantieri Offshore, stated: “The offshore drilling market is driven, on the one hand, by demand for traditional standard systems and, on the other, by ultra-deepwater exploration demanding innovative solutions. With support from Aker Solutions, Fincantieri has produced a rig design that provides solutions to both these needs”.

Click here to see the video.

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Shell Starts Drilling at Cebus Well, Offshore French Guiana

Shell has started drilling at Cebus prospect (GM-ES-4), the third well of the current four well exploration programme in the Guyane Maritime Permit (French Guiana), Northern Petroleum, which holds a stake in the permit, has announced.

The drilling operations are being conducted with the Stena Ice Max drillship.

Northern through holding 50 per cent of Northpet Investments Limited, owns a net 1.25 per cent interest in the offshore exploration licence ‘Guyane Maritime’. Northern is in partnership with Shell (Operator, holding 45 per cent), Total (25 per cent), Tullow Oil (27.5 per cent) and Wessex Exploration (also holding 1.25 per cent through owning the remaining 50 per cent interest in Northpet Investment Limited).

Keith Bush, Chief Operating Officer of Northern stated:

“This is a new, exciting opportunity for the joint venture to further establish the oil production potential in French Guiana. We look forward to the results of this well with great interest.”

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Gulf of Mexico: PXP Hires Noble’s New Drillships for $1.3 Bln

Noble Corporation  today announced that the Company has entered into two three-year term drilling contracts with Plains Exploration & Production Company for the Noble Sam Croft and the Noble Tom Madden, two of Noble’s new ultra-deepwater drillships currently under construction at the Hyundai Heavy Industries Co. Ltd. (HHI) shipyard in Ulsan, South Korea.

The drillships, which are being constructed on a fixed price basis, are expected to be utilized for operations primarily in the U.S. Gulf of Mexico under these contracts.

The Noble Sam Croft is expected to be delivered in the second quarter of 2014, followed closely by the Noble Tom Madden, which is expected to be delivered in second half of 2014. The contracts are expected to commence following mobilization to the U.S. Gulf of Mexico and customer acceptance. Revenues to be generated over the three-year terms are expected to total approximately $693 million per rig, including mobilization fees, representing in excess of $1.3 billion in total potential backlog. With the award of contracts for these two units, all four ultra-deepwater drillships under construction for Noble at HHI are now under contract.

“With the addition of these units to our U.S. Gulf of Mexico fleet, Noble will have one of the most modern and capable fleets in the region, a fact that demonstrates the fundamental change going on across the Company,” noted David W. Williams, Chairman, President and Chief Executive Officer. “At the same time, these contracts provide us with significant additional backlog, while expanding and diversifying our customer base as we grow our relationship with an important new customer.”

The Noble Sam Croft and the Noble Tom Madden are two of the four ultra-deepwater drillships being constructed for Noble by HHI. All four drillships are based on a Hyundai Gusto P10000 hull design, capable of operations in water depths of up to 12,000 feet and offering a variable deck load of 20,000 metric tons. The Noble Sam Croft and Noble Tom Madden will be fully equipped to operate in up to 10,000 feet of water while offering DP-3 station keeping, two complete six-ram BOP systems, multiple parallel activity features that improve overall well construction efficiencies and accommodations for up to 210 personnel. Both rigs also will also be equipped with a 165-ton heave compensated construction cranes to facilitate deployment of subsea production equipment, providing another level of efficiency during field development programs.

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