Esgian Week 9 Report: Dolphin, Diamond and Seadrill Updates
Esgian reports rig-related updates from Dolphin Drilling, Diamond Offshore, and Seadrill in its Week 9 Rig Analytics Market Roundup.Report Outline:ContractsDespite Tullow Oil’s recent announcement that it would take a break from drilling offshore Ghana, Noble Corp. has stated that there has been no contract termination announcement and that its 12,000-ft drillship Noble Venturer is currently still contracted to Tullow into March 2025.Masirah Oil Ltd has signed a rig contract with…
Mossel Bay Port Ready to Serve Total
South Africa’s smallest commercial port, the Port of Mossel Bay is well equipped to provide value following global energy giant Total’s significant gas condensate discovery on the Brulpadda prospects, located on Block 11B/12B in the Outeniqua Basin, 175 kilometres off the southern coast of South Africa, announced Transnet National Ports Authority (TNPA).The authority has dispelled criticism that it may not be ready to answer the call for capacity necessitated by the recent discovery of vast amounts of gas condensate about 175 kilometres south of Mossel Bay.Mossel Bay Port Manager Shadrack Tshikalange said the port’s role in the drilling expedition involved providing land and quay space for the logistics base operations…
Statoil Posts 2013 Third Quarter Results
Statoil's third quarter 2013 net operating income was NOK 39.3 billion. Adjusted earnings were NOK 40.4 billion. "Statoil delivered strong strategic progress in the third quarter. We added high-value barrels through the Bay du Nord discovery offshore Canada, the world's largest oil discovery this year. We also announced a major divestment to capture value created through asset development and unlock capital for investment in high return projects. Our operational performance is good and we delivered solid earnings in the period," said Helge Lund, Statoil's president and CEO. Statoil's net operating income of NOK 39.3 billion in the third quarter was positively impacted by gain from sale of assets. Refinery impairments and commercial provisions impacted the financial result negatively.
GDF Suez E&P Awards North Sea Austen Field Contract
GDF SUEZ E&P UK Ltd awards a £1.4 million joint study to Xodus Group and Atkins for Concept Select work for the Austen (formerly Jacqui) field in the Central North Sea, with a further option to proceed into the Concept Definition phase. The studies will identify development and export options for the field. Aberdeen-based Xodus and Atkins will start work immediately with completion scheduled for Q1 2014. The contract follows the successful drilling of an appraisal well by GDF SUEZ E&P UK in 2012 and was bid against competition from other UK and European contractors. It is the start of several workscopes currently being planned by GDF SUEZ E&P UK to support its Central North Sea development portfolio.
