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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

BP Extends LWI Contract with Island Offshore

Island Offshore, a leading name in global Light Well Intervention (“LWI”) activities, has been awarded a major contract extension with BP Exploration Operating Company Ltd.

The two-year contract extension, covering 2014 and 2015, has been awarded to Island Offshore and the North Sea RLWI Alliance, which operates three monohull vessels specially designed for well intervention tasks. Island Offshore’s Island Constructor – a 120m long, 8,200 ton, state-of-the-art Ulstein built X-Bow vessel – will perform the scope of work for the client.

Commenting on the award, Robert Friedberg, Managing Director of Island Offshore Subsea, says: “We are delighted to continue our successful operations for BP. This is an important extension of a contract that has now been in place for 5 years.”

“It demonstrates the strength of the relationship we have built with BP and the excellent standard of service that Island Offshore, and its partners in the North Sea RLWI Alliance, have delivered.”

He continues: “We have acquired some unique experience working with the BP team in the harsh environments West of the Shetland, and we look forward to building on that in the future.”

The value of the new contract is approximately NOK 0.5 billion (USD 86.5 million) and includes options for NOK 0.75 billion (USD 129.8 million).

The North Sea Alliance was formed in 2004 to provide integrated wireline services to the growing subsea intervention market. The Alliance performs between 60-70 well interventions each year, providing services such as scale milling, gauging and logging operations, plug setting and re-perforating requirements. Island Offshore and the North Sea RLWI Alliance are currently the world leading riser-less wireline intervention,(“RLWI”), provider. To date the partners have performed close to 250 well interventions.

Source

Total Extends Drilling Contract for Pacific Scirocco Drillship

Drilling contractor Pacific Drilling S.A. has announced that Total S.A. has elected to exercise a one-year option to extend the firm contract term for the Pacific Scirocco to January 2015.

The contract provides for a further option, to be exercised at the client’s discretion by April 7, 2014, which could result in two additional years of contract term at a higher dayrate.

Related:  Pacific Scirocco Drillship Begins Work in Nigeria

The additional one year term increases the drillship’s backlog by approximately $180 million, bringing the company’s total contract backlog as of April 9, 2013, to approximately $3.4 billion. The additional extension for two years would add a further $364 million backlog if exercised.

The Pacific Scirocco is capable of operating in water depths of up to 12,000 feet and drilling wells 40,000 feet deep.

Source

Titanium Explorer Drillship Starts Petrobras Contract in U.S. Gulf

The ultra-deepwater drillship, Titanium Explorer, started  its drilling contract with Brazil’s Petrobras in the U.S. Gulf of Mexico, on Friday, December 7. 

The Titanium Explorer, formerly known as the Dragonquest, owned by Vantage Drilling, is contracted for eight years.

Under the contract, Brazilian-state controlled oil company Petrobras has the right to re-locate and utilize the Titanium Explorer on a worldwide basis.  Expected revenues over the eight-year contract term, excluding revenues for mobilization of the rig and costs escalations, are approximately $1.6 billion.

The drillship is a self-propelled, dynamically positioned vessel suited for drilling in remote locations because of its mobility and large load carrying capacity. It is currently equipped for drilling in water depths up to 10,000 feet, and is designed to drill in water depths up to 12,000 feet.

Related:

Titanium Explorer Drillship to Start Petrobras Contract in December

USA: Vantage Drilling Acquires Titanium Explorer Drillship

Titanium Explorer Drillship Starts Petrobras Contract in U.S. Gulf| Offshore Energy Today.

Sea Trucks Secures Subsea Installation Contract in Mexico

Sea Trucks Group yesterday announced it was recently awarded a contract in Mexico with Tradeco for a pipeline installation project for Pemex.

It concerns the AKAL field project; 3 subsea pipelines of 24” dia to connect 4 platforms, located in the Gulf of Mexico, approx. 90 km north east of Ciudad Del Carmen.

The EPCI project comprises the extension of topsides of the 4 platforms with process equipment and associated piping, fire & gas, electrical and control systems. Furthermore the infrastructure between the AKAL platforms will be generated by installation of a number of subsea pipelines, pig launchers / receivers, spools and risers, including pressure testing and trenching.

This is the first offshore project to be executed for Pemex by Tradeco / Sea Trucks. To support the project, new fabrication facilities and quay side areas in Ciudad del Carmen have been acquired by Tradeco, from which facilities fabrication and transportation of materials, tugs, barges etc. will be dealt with.

Sea Trucks will mobilize its DP3 pipelay construction vessel, Jascon 34, for the project. The offshore campaign will take place during Q1 and Q2 2013.

Fraser Moore, Group Managing Director, commented: “Sea Trucks is delighted to set sail for this new market and we look forward to a successful cooperation with Tradeco on our first project for Pemex in Mexico”.

Sea Trucks Secures Subsea Installation Contract in Mexico| Offshore Energy Today.

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