Seadrill Nets ExxonMobil Nigeria Job

By Joseph R. Fonseca
Monday, August 11, 2014
Seadrill Nets ExxonMobil Nigeria Job

 

ExxonMobil has signed up for a Seadrill newbuild drillship for work off West Africa for up to three years.

The ultra-deepwater West Saturn, currently under construction in South Korea, will work for the US supermajor at the Erha North Phase 2 development off Nigeria, Seadrill said on Friday.

The Norwegian contractor said the deal with ExxonMobil subsidiary Esso Exploration & Production Nigeria was won along with partner Field Offshore Design Engineering Nigeria.
 

The oil company has taken the sixth generation unit for a firm two-year period, with a one-year option.

Seadrill said the primary contract term, understood to refer to the firm period, would yield total revenue to both it and Field Offshore of $497 million, inclusive of mobilisation. Without providing a sum for mobilisation, this equates to a dayrate inclusive of mobilisation of $680,800 for two years.

The unit, set for delivery from Samsung Heavy Industries in September, will initially be outfitted to drill in water depths up to 10,000 feet. However, it is capable of operating in 12,000 feet of water, of handling two blowout preventers and drilling to 40,000 feet.

Analyst Cowen & Co recently specualted that the drillship would be fixed by French supermajor Total for a three-year contract at the Egina field, also off Nigeria.

ExxonMobil and Anglo-Dutch supermajor Shell are aiming to get 50,000 barrels per day in production from Erha North Phase 2 next year.

 

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter April 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

Bollinger Wins Contract for Phase II FRC Builds

Louisiana shipbuilder Bollinger Shipyards announced it has secured a contract to build Phase II of the Sentinel Class Fast Response Cutters (FRC) for the United States Coast Guard (USCG).

Massive Layoff Ahead for Hyundai Heavy

Another massive reduction in the Korean shipbuilding workforce may come as most shipyards are still struggling with falling orders and mounting losses, reports Yonhap quoting industry sources.

Daewoo Shipyard Posts Q1 Operating Loss

South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering Co. posted a first-quarter loss after incurring more costs to finish some offshore projects.   First-quarter

News

Louis Dreyfus, Amaggi Hire HSBC to Sell Terminal Stake

Agricultural commodity traders Louis Dreyfus Co B.V. and Amaggi Group have hired HSBC Holdings Plc to sell part or the entire 25 percent stake they hold in a terminal at the Brazilian port of Itaqui,

GPA Will Continue Weighing Containers at No Cost to Shippers

The U.S. Coast Guard announced last week that state-calibrated scales already in use at the Port of Savannah meet a new requirement of the international Safety of Life at Sea (SOLAS) Convention.

ITIC Reports on Ship Agents' Costly Transhipment Errors

International Transport Intermediaries Club (ITIC) says it continues to deal on a regular basis with claims resulting from errors by agents involving transhipment cargoes.

Offshore Energy

Offshore Casualty: Harkand Group Collapses

As the prolonged slump in energy prices continues to drag on a number of oil and gas and maritime players, word has it that Harkand Group has succumbed, according to staff reports and a report on www.

DNV GL 7 JIPs in North America

In a concerted drive to find smart solutions to safely reduce complexities and cost in the North American oil and gas industry, DNV GL is leading seven new joint

Skandi Paraty Delivered and On-hire

Skandi Paraty, owned by Norskan Offshore Ltda, has been delivered from the yard and went on-hire on a four years contract with Petrobras.   Skandi Paraty is an AHTS,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Offshore Oil Pipelines Ship Repair Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1019 sec (10 req/sec)