Serica Energy News

Esgian reports that offshore drilling contractors secured additional backlog in the U.S. Gulf of Mexico, Egypt, Nigeria, and Brazil and operators confirmed new discoveries in Indonesia, Côte d’Ivoire, and China in its Week 10 Rig Analytics Market Roundup.ContractsDiamond Offshore has executed a two-year contract extension with a subsidiary of bp in the U.S. Gulf of Mexico for the 12,000-ft drillship Ocean BlackHornet.Shelf Drilling’s 250-ft jackup Rig 141 has secured a two-year…

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…

Norway-based offshore vessel owner Rem Offshore said Wednesday it had secured multiple long-term contracts for its vessels. "The contracts have been signed on market terms and will ensure high fleet utilization in the coming years," Rem Offshore said.The 2013-built Rem Inspector subsea vessel has been awarded contracts for work on offshore wind projects in Taiwan. The contracts have a total duration of just over one year with start-up in the fourth quarter of 2023, with an undisclosed client.Since 2019…

Norwegian offshore vessel operator Solstad Offshore has secured contracts for four of its platform supply vessels in the North Sea, with Total, Equinor, and Serica, respectively.Total UK has awarded Solstad a term contract for Normand Springer. The vessel will be used by Total UK to support their UK North Sea assets for a charter period lasting one year firm, plus a one-year option. The contract is expected to begin during the second half of March 2021.Also, Equinor UK has awarded Solstad two contracts for PSVs for an upcoming drilling campaign in the UK North Sea.

Serica Energy said that efforts to remove gas hydrates in pipeline between Erskine and the Lomond platform had been successful and it  has resumed production for the first time since January." Production from Erskine has restarted and flow rates are being optimised. Further updates will be provided once the re-commissioning process is complete," said a press note from the company.Erskine, in which Serica holds an 18% interest, was suspended in mid-January due to a blocked export pipeline which carried condensate from Erskine to the neighbouring Lomond platform. A new 26 kilometres long section of the line was completed in September.Serica Energy is an oil and gas exploration and production company with exploration…

A small gas field on the edge of the British North Sea could become a litmus test for U.S. policy towards Iran. London-based BP this week agreed to sell to North Sea producer Serica Energy three fields in the ageing offshore basin, including the Rhum field which is co-owned by a subsidiary of Iran's national oil company. For Serica, the $400 million deal will increase its production sevenfold. It nevertheless hinges on the British company receiving a licence from U.S. sanctions enforcement authorities at a time when President Donald Trump is flexing his muscles against Tehran. For BP and its American Chief Executive Bob Dudley, selling Rhum, which BP discovered in the 1970s, removes a potential source of friction as it mends its ties with the U.S.

Serica Energy plc is pleased to confirm it has now completed the farm out of UK East Irish Sea Blocks 113/26b and 113/27c (Licence P.1482) with Centrica through its subsidiary Hydrocarbon Resources Limited. Under the agreement, HRL has acquired an operated 45% interest in the licence, with Serica retaining 20%,in consideration for HRL bearing Serica’s share of costs associated with the drilling of an exploration well, upto a gross cap of £11 million. In addition, the transaction involved the transfer from Serica to HRL of a 15% interest and operatorship in the adjacent Block 113/22a (Licence P.2124), which was awarded in the 27th Offshore Licensing Round. The equity interests over the two licences are now aligned.

Following the signing of a product-sharing contract (PSC), Pearl Oil Ltd (Singapore), Serica Energy Group (Canada), and Lundin New Ventures B.V (Holland) will explore for oil and gas in the 4,100 sq.km Block 06-94. The three parties each hold a one-third interest. Pearl will be the contract operator and inject $49.3m in analyzing 2-D and 3-D seismic data and conducting exploratory drilling in the first three years. Block 06-94 is located immediately south of the Lan Tay and Lan Do gas fields, which are being developed by the UK’s BP, India’s ONGC Videsh, and PetroVietnam. In 2004 PetroVietnam and the UK’s PGS Geophysical inked a cooperation agreement that granted PGS exclusive rights to acquire a multi-client 3D (MC3D) seismic survey over the block to identify and map reservoir sands.

Seadrill has been awarded a contract by an Indonesian subsidiary of Serica Energy for the jack-up Seadrill 5. The drilling contract includes four wells offshore Indonesia and commencement is scheduled in direct continuation of the rig's prevailing commitment. The contract value is approximately $22m.