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.
Sonardyne International Ltd. has been awarded a contract by Noble Corporation to supply a Wireless Acoustic Emergency BOP Control System for its new deepwater drillship. The Noble Globetrotter II is the fifth Noble new-build vessel, along with other existing rigs, to be equipped with Sonardyne’s safety critical acoustic technology, providing reliable through-water wireless communications, positioning and BOP control in an emergency situation.
The Noble Globetrotter II is of similar design to its sister vessel, the Noble Globetrotter I. The vessel is due to begin work in the Gulf of Mexico in the second half of 2013.
Noble Corporation is one of the largest offshore drilling contractors in the world and operates a worldwide fleet of 79 rigs and drillships. The Noble Globetrotter II is currently en route to the Netherlands for tower and drilling system installation and once complete, will be capable of drilling in water depths up to 10,000ft. The vessel is due to begin work in the Gulf of Mexico in the second half of 2013 on long-term contract to Shell.
In the event of loss of normal communications with a BOP stack, Sonardyne’s self-contained, high security acoustic command and control backup system is used to execute emergency shutdown and riser disconnect procedures. The digital wideband acoustic signal technology incorporated into the supplied system has been proven to offer reliable performance in a well blow-out scenario despite intense noise pollution from a ruptured wellhead that would have severely limited the performance of an analogue acoustic BOP system.
“We have previously installed Sonardyne BOP control systems on several other Noble rigs so we’re delighted to be able to continue providing them with the critical positioning and control solutions they need,” said Ted Kenny, Business Development Manager of Subsea Control Systems at Sonardyne. “As the only provider with acoustic systems that are field-proven in the immediate vicinity of a major subsea blowout, we have the technology and in-depth knowledge to support Noble as it continues with its deep water exploration activities. The redundancy of the equipment chosen for the Noble Globetrotter II means that they will be able to reliably communicate with the BOP from either the rig or remotely from a standby vessel if the need ever arises.”
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Adira Energy Ltd. announces that Modiin Energy L.P, on behalf of the Gabriella License consortium, including Adira and Brownstone Energy, has executed a detailed drilling contract with Noble International Ltd (“Noble Drilling”). The Agreement provides for the drilling of the Gabriella License by the Noble Homer Ferrington semi-submersible rig prior to the government regulated spud date of June 30, 2013.
Jeffrey E. Walter, Chief Executive Officer of Adira Energy stated: “Another major milestone has been delivered to Adira’s shareholders with the signing of the Homer Ferrington rig contract. This will enable us to drill the highly anticipated Gabriella License which is Adira’s core asset. With over 110 million barrels of contingent oil resources, this project is important to Adira as well as a fundamental key in moving forward on the oil potential offshore Israel. The Homer Ferrington has drilled some of the most successful discovery wells in the Eastern Mediterranean including “Leviathan” offshore Israel and “Block 12” offshore Cyprus. ”
The Gabriella License is located approximately 10 kilometers northwest of Tel Aviv, in the waters offshore Israel. The block covers an area of approximately 392 square kilometers (97,000 acres) and is in water depths that range from 100 meters on the east side of the block to just over 425 meters on the southwest side of the block. Adira holds a 15% Working Interest in the Gabriella License plus a 15% back-in option from Modin Energy, to be exercised within six months of discovery, at cost.
Noble Corporation announced that the Company has entered into a three-year term drilling contract with Anadarko Petroleum Corporation for the Noble Bob Douglas, one of Noble’s new ultra-deepwater drillships currently under construction at the Hyundai Heavy Industries Co. Ltd. (HHI) shipyard in Ulsan, South Korea. The drillship, which is being constructed on a fixed price basis, is expected to be utilized for operations primarily in the U.S. Gulf of Mexico.
The Noble Bob Douglas is expected to be delivered in the fourth quarter of 2013. The contract is expected to commence thereafter following mobilization to an initial operating location and client acceptance. Revenues to be generated over the three-year term are expected to total approximately $677 million. The contract also provides for an operating cost escalation provision.
The Noble Bob Douglas is one of 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 Bob Douglas will be delivered 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. The rig will also be equipped with a 165-ton heave compensated construction crane to facilitate deployment of subsea production equipment, providing another level of efficiency during field development programs.
With the award of this contract for the Noble Bob Douglas, 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 in 2014.
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|This week the SubseaIQ team added 1 new projects and updated 25 projects. You can see all the updates made over any time period via the Project Update History search. The latest offshore field develoment news and activities are listed below for your convenience.|
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Nautronix have secured another order for the supply of their NASDrill RS925 deepwater acoustic positioning system for Noble Corporation’s fourth new ultra-deepwater drillship. In 2011, Nautronix was awarded the contracts for supplying their NASDrill RS925 system for Noble’s first three new drill ships.
All new vessels will be constructed at Hyundai Heavy Industries shipyard in Ulsan, Korea and will be based on a Hyundai Gusto P10000 design. The rigs will have DP-3 station keeping abilities and the capacity to handle two complete BOP systems allowing for operation in water depths of up to 12,000 feet.
Mark Patterson, Nautronix CEO, commented “This order further strengthens our relationship with Noble Corporation and I believe that it demonstrates their confidence in our NASDrill RS925 system”.
NASDrill RS925 has been designed specifically to meet the requirements for a reliable, stable DP and position reference system for demanding offshore operations, in particular deepwater drilling vessels.
The system combines the two most accurate deepwater acoustic positioning technologies – Short Baseline (SBL) and Long Baseline (LBL) – to calculate multiple independent position solutions providing reliable, repeatable input to the vessel DP system; with SBL mode providing accuracies of 0.15% slant range and LBL mode providing accuracies up to 1m RMS independent of water depth.
The NASDrill RS925 system is supplied with all external interfacing to the Dynamic Positioning System for automatic station keeping and can be used as part of an integrated acoustically-aided INS positioning solution.
The system is also fully upgradable to use NASeBOP and NASNet® (Nautronix unique underwater GPS).
As with all Nautronix leading commercial acoustic systems, NASDrill RS925 utilises Nautronix proprietary ADS² (Acoustic Digital Spread Spectrum) broadband signalling technology which has been proven, with over ten years of successful subsea operations, to provide superior accuracy, repeatability and reliability for dynamic positioning of vessels during deepwater drilling operations.
Hercules Offshore expects to end the year with more rigs in the Gulf of Mexico, as the top shallow-water driller in the region looks to cash in on higher day rates, a report said.
News wires 26 January 2012 05:42 GMT
Day rates could rise further as oil majors ramp up spending in the Gulf of Mexico after the government eased up restrictions on drilling permits that were imposed following the Macondo oil spill, chief executive John Rynd told Reuters in an interview.
“As we exit 2012, we may be running 19 or 20 rigs versus the current 18 (in the Gulf of Mexico),” said Rynd, who joined Hercules in 2005 after working with peers like Rowan Co and the drilling unit of Noble Corp.
A total of about 40 shallow-water rigs are active in the region and all of them are contracted, he added.
Houston-based Hercules has been commanding day rates of about $55,000 on average. The cost of renting a rig by the day has risen about $20,000 in the last one year.
“The rates are stable… we have a positive outlook for 2012,” Rynd said.
Activity in Gulf of Mexico is picking up after the 2010 oil spill brought drilling there to a standstill and higher oil prices are boosting exploration work in the region.
Rynd said Hercules is still in talks with Petroleos Mexicanos regarding its jack-up rigs. The Mexican state oil company did not renew contracts for two Hercules rigs following an accident in 2008.
The company, which is valued at about $618 million, caters to Chevron and Apache in the US Gulf and Oil and Natural Gas Corporation Limited (ONGC) in India.
Hercules shares were trading up 2% at $4.57 on Wednesday afternoon on the Nasdaq.
The stock has gained nearly two-thirds of its value in the October-December quarter, outperforming the broader S&P Oil & Gas Drilling Sub-Industry Index, which has grown 21% during the period.
Published: 26 January 2012 05:42 GMT | Last updated: 26 January 2012 05:45 GMT
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