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.
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.
Pacific Drilling S.A. has reached an agreement with South Korea’s Samsung Heavy Industries to extend an option to construct an eighth ultra-deepwater drillship until January 18, 2013, on the same commercial terms, including delivery scheduled for the first quarter of 2015.
Pacific Drilling currently operates four recently delivered drillships under customer contract and has three drillships under construction at Samsung, two of which are under customer contract.
The award is an extension of services from a previous well campaign and will last for the duration of one year.
Expro will provide an extended well test, data acquisition services and its drill stem testing (DST) package including Expro’s CaTS™ wireless telemetry technology which will be utilized as a surface read-out system.
Work will take place across two exploration and appraisal (E&A) wells in the Lungahe and Elombo fields and two development wells in Dissoni.
Expro’s Southern & West Africa region director, Riccardo Muttoni, said: “Perenco is pressing ahead with major development plans in Cameroon and the neighboring areas. This award provides a platform for us to showcase our technologies and solution focused attitude.
“This is one of the jobs we have done in the region using our CaTS technology and the contract also provides potential for us to introduce our strengths in tubing conveyed perforating (TCP) and complete the full well flow management package.”
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Under the contract, the rig, owned by Denmark’s Maersk Drilling, will continue to work for Statoil in the US Gulf of Mexico. The duration of the option is two years with start scheduled for 4 November 2013 when the firm contract runs out. The contract value for the option period is approximately USD 370 million.
“We are very pleased to continue our cooperation with Statoil, one of our key clients, for this highly advanced deepwater rig,” says Claus V. Hemmingsen, CEO of Maersk Drilling.
“Having secured contracts for all our deepwater semisubmersibles until mid 2014 is a milestone in Maersk Drilling’s ambition of becoming a leading provider of highly advanced ultra deepwater rigs.”
Delivered in 2009, Maersk Developer is the first in a series of three state-of-the-art ultra deepwater development semi-submersibles in Maersk Drilling’s fleet. Since its delivery the rig has been employed in the US Gulf of Mexico.
Under the revised terms of the option agreement, the delivery of the drillship will be no later than May 17, 2014. The commercial terms of the option agreement are unchanged.
Pacific Drilling is a growing offshore drilling company that provides global drilling services to the oil and natural gas industry through the use of ultra-deepwater drillships. Pacific Drilling’s fleet of six ultra-deepwater drillships will represent one of the youngest and most technologically advanced fleets in the world. The company currently operates four recently delivered drillships and has two additional drillships on order at Samsung.
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Skandi Møgster, built by Kværner Kleven Leirvik in 1998, is an AHTS with 16.000 BHP and 192 T Bollard Pull.
The DOF group operates within three different segments in relation to strategic types of activities and vessel types. The groups technical diversified fleet consists of innovative vessels specialized for their operational purpose.
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