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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.
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.
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.
- Norwegian DOF Subsea Wins Contract with Kystverket (worldmaritimenews.com)
- UH to offer first subsea engineering program (fuelfix.com)
USA: Maersk Secures Contract for Deepwater Advanced 2 Drillship
With the signing of a contract for the newbuild drillship Deepwater Advanced 2 Maersk Drilling adds USD 694 million to its contract backlog. Five out of seven newbuild drilling units have now secured contracts..
Maersk Drilling has signed a contract with ConocoPhillips Company a wholly owned subsidiary of ConocoPhillips and Marathon Oil Company a wholly owned subsidiary of Marathon Oil Corporation for the second ultra deepwater drillship in a series of four identical drillships currently under construction.
The estimated total contract value is USD 694 million including mobilization, but excluding cost escalation compensation. The contract duration is three years, with options for up to an additional two years and commencement of operations is expected by mid-2014 upon delivery from Samsung Heavy Industries in South Korea, mobilization to the US Gulf of Mexico and acceptance testing. The drillship will be equipped with two Blow-Out-Preventers (BOPs).
The drillship will be employed by ConocoPhillips and Marathon Oil for their respective drilling programs in the US Gulf of Mexico.
“We are pleased to having been able to customize a drilling contract with ConocoPhillips and Marathon Oil combining their respective drilling programmes into a three year drilling contract providing security of deepwater rig availability for the two companies while leaving some flexibility in regards to the timing of their drilling programmes. In addition, merging the two programmes provides us with a contract with an attractive duration,” says Claus V. Hemmingsen, CEO of Maersk Drilling and member of the Executive Board of the A.P. Moller – Maersk Group.
Strong demand for advanced drilling rigs
Since 2011 Maersk Drilling has invested USD 4.5 billion in seven new drilling units currently under construction; three ultra harsh environment jack-ups at KeppelFELS in Singapore and four ultra deepwater drillships at Samsung Heavy Industries in South Korea. With the latest contract for the second drillship five out of the seven newbuild rigs have now secured contracts.
“We are pleased to see continued strong demand for our advanced drilling rigs. This contract brings further evidence to our strategic focus on ultra harsh and deepwater drilling and provides firm ground for our ambitious growth plans,” says Claus V. Hemmingsen, CEO of Maersk Drilling and member of the Executive Board of the A.P. Moller – Maersk Group.
Maersk Drilling has performed deepwater operations in the US Gulf of Mexico since 2009 with the ultra deepwater semi-submersible Mærsk Developer. In June 2012, Maersk Drilling secured a contract for the first drillship under construction with commencement in the US Gulf of Mexico expected by end 2013.
“The US Gulf of Mexico remains a focus area of Maersk Drilling, and we are pleased to further expand our presence in this attractive market positioning us with three ultra deepwater rigs by 2014,” says CEO Claus V. Hemmingsen.
Related articles
- Maersk Drilling has hit the ground running in Angola (maerskpress.com)
- South Korea: Samsung Yard Bags $ 600 Mln UDW Drillship Order (mb50.wordpress.com)
- Sonardyne Supplies BOP Control System to Noble’s Drillship (USA) (mb50.wordpress.com)
- Shell Gives Transocean a Huge Shot in the Arm with 40 Years of Drilling Contracts (gcaptain.com)
- Atwood Oceanics Orders Third Ultra-Deepwater Drillship (gcaptain.com)
Apache Inks Suriname PSC
Apache Corporation today signed a production sharing contract (PSC) with Suriname’s oil company Staatsolie for offshore block 53. located in the territorial waters of the South American country.
The contract, divided into exploration, development and production phases, is valid for approximately 30 years. The parties have agreed to a minimum working program for the exploration phase, which includes geological surveys and exploration drilling. Apache will take full responsibility for all costs during the exploration phase.
If a commercial find has been made and brought into production, Apache will receive reimbursement for such costs. The contract offers Staatsolie the opportunity for a stake in the development phase of up to 20 percent.
Block 53 is located at approximately 130 kilometers off the northwest coast of Paramaribo. The exploration period under the contract is divided into two phases with a combined investment of approximately US$230 million. The duration of the first phase is scheduled for three years with an optional second phase of two and a half years. In addition to a large 3D seismic survey, two wells will be drilled in the first phase with a third well to be drilled in the optional second phase. The production sharing contract explicitly deals with inspection, safety and the environment. There are also special provisions for employment of local cadre, training, social programs and the dismantling of facilities at the end of operations.
KBR Wins Tanzania LNG Contract
KBR announced that it was awarded a contract by Statoil Tanzania AS to perform pre-front end engineering and design (pre-FEED) studies for a prospective liquefied natural gas facility in Tanzania, East Africa.
The pre-FEED study is designed to help Statoil further assess the viability of developing an LNG facility to export natural gas from this East African region. The project is expected to be completed during 2013.
“We are excited to be selected by Statoil for this important project,” said Mitch Dauzat, president, Gas Monetization. “KBR looks forward to working together with Statoil to define their LNG concept for Tanzania.”
KBR has been working with Statoil for more than 30 years and has an outstanding record for successful project execution, predominantly for Statoil’s Gas Processing plants.
Continents of the World
Mb50's "Liquid Mud" Rant 