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Saturday, January 20, 2018

Drill Rig News

Maersk Supply Service Wins Contract With Quadrant Energy

Photo: Maersk Supply Service

Maersk Master and Maersk Mariner, Maersk Supply Service’s two first Starfish-class anchor handling vessels built in 2017, will be on contract with Quadrant Energy in Western Australia, commencing March 2018. Both vessels will support Quadrant Energy’s Phoenix South and Van Gogh drilling campaign which will initially cover three wells for a duration of 150 to 200 days. The highly modern and efficient vessels will be supporting Transocean’s semi-submersible rig DD1 with supply and anchor handling duties throughout the campaign. “Quadrant Energy is an important customer.

Seadrill Bondholders Post Cash Deposit for Rival Restructuring

(Photo: Seadrill)

Owners of unsecured bonds in rig firm Seadrill have posted a cash deposit to back an alternative financial restructuring, paving the way for talks with the drilling operator over its future, the two sides said on Monday. Seadrill, once the largest drilling rig operator by market value, filed for bankruptcy protection in a U.S. court on Sept. 12 after being hit hard by cutbacks in oil company investment following a steep drop in crude prices. The company's main owner, Norwegian-born billionaire John Fredriksen…

Offshore Rig Counts Unchanged

The number of mobile offshore drilling rigs under contract is unchanged from last week, according to Offshore Data Services' weekly mobile offshore rig count. In the U.S. Gulf of Mexico, 139 of 190 mobile offshore drilling rig are under contract this week. U.S. Gulf drilling fleet utilization is 73.2 percent. Among the working rigs is a new deepwater drillship, which has moved to its first drilling location. In the North Sea, Mediterranean Sea and other European waters, 77 of 107 mobile offshore drilling rigs are under contract. European offshore rig utilization stands at 72.0 percent. Worldwide, 472 of 631 existing mobile offshore drilling rigs are under contract. Worldwide offshore rig utilization is 74.8 percent.

Maersk Drilling Bags Contract with Tullow Ghana

Photo: Maersk Drilling

Maersk Drilling has been awarded a four year contract for the deep-water drillship Maersk Venturer by Tullow Ghana Ltd. The contract, which was signed December 2017, is expected to commence in February 2018 and covers development drilling on the Jubilee and TEN fields offshore Ghana. Maersk Venturer is currently in transit for the job offshore Ghana thereby further strengthening Maersk Drilling’s presence in the region. ”I am very pleased that Maersk Drilling will be mobilising another deepwater rig for this significant job in a strategically important region.

Gulf Of Mexico Rig Count Increases

The U.S. Gulf of Mexico offshore rig count continues to rebound, according to Offshore Data Services' weekly mobile offshore rig count. This week, 149 of the 191 mobile offshore drilling rigs in the U.S. Gulf are under contract, a four-rig increase over last week's week count and a seven-rig increase on a month-to-month basis. U.S. Gulf rig fleet utilization this week is 78.0 percent. The European offshore rig count continues to decline. This week, 73 of 107 mobile offshore drilling rigs in the region are under contract, a one-rig decline from last week. European offshore rig utilization is 68.2 percent. This week, 476 of the world's mobile offshore drilling rigs are under contract, and worldwide offshore rig utilization is 75.3 percent.

Modular Cabins for Drilling Rigs

Aker Yards Piikkio has entered into contract with Leirvik Module Technology from Norway for the delivery of modular cabins for living quarters of drilling platforms. Leirvik Module Technology AS is one of the leading suppliers of living quarters for offshore industry. They have decided to use modular cabins of Aker Yards Piikkio in the construction of living quarters for two Aker H6-e drilling rigs. These sixth generation semi-submersible drilling rigs will be constructed by Aker Kvaerner Stord in Norway, and they will be the world's largest drilling rigs. The contract includes in all the delivery of 280 cabin units for two living quarters, as well as options for cabin deliveries for another two similar drilling rigs.

Offshore Rig Utilization Declines Slightly

Worldwide offshore rig utilization declined slightly since last week, according to Offshore Data Services' weekly mobile offshore rig count. Two less mobile offshore drilling rigs are under contract worldwide this week compared to last week. With 484 of the world's 634 offshore drilling rigs now under contract, worldwide offshore rig utilization is 76.3 percent. A one-rig decline in the U.S. Gulf of Mexico rig count occurred since last week. Now 151 of the area's 192 mobile offshore drilling rigs are under contract and U.S. Gulf rig utilization is 78.6 percent. The European offshore rig count posted a one-rig increase since last week. Of the 106 mobile offshore drilling rigs in the area, 74 are under contract. European offshore rig fleet utilization is 69.8 percent.

Siemens Industrial Solutions and Services Group

The Siemens Industrial Solutions and Services Group (I&S) has received an order from the Korean shipyard Daewoo Shipbuilding & Marine Engineering Co. (DSME) to supply electrical equipment for a new semisubmersible offshore drilling rig. The rig will be used for deepwater drilling operations in harsh environments. The final customer is Odfjell Invest Ltd., Hamilton, Bermuda. The order is worth around 15 million euros and the drilling rig is to be delivered in October 2008. will be equipped with dual active heave compensating drawworks. For the first time, Sinamics S120 frequency converters will be used on a drilling rig for controlling all the drilling drives including the drawworks.

Dryships Acquires Remainder of Drilling Rig

DryShips Inc. (NASDAQ:DRYS), a global provider of marine transportation services for drybulk cargoes and off-shore contract drilling services, announced today that it has closed the acquisition of the remaining 25% of the total issued and outstanding capital stock of Primelead Shareholders Inc. Primelead is now a wholly-owned subsidiary of the company. Primelead’s principal assets include two owned and operational ultra deepwater semisubmersible drilling rigs, the Eirik Raude and the Leiv Eiriksson, and four newbuilding drillship contracts for Hulls 1837, 1838, 1865 and 1866. Upon delivery of the newbuilding drillships, Primelead will possess one of the youngest and most sophisticated fleets of ultra deepwater drilling rigs and drillships in the industry.

Chinese Shipyard COSCO Gets Order for Offshore Drill Rig

COSCO (Nantong) Shipyard Co. Ltd., a subsidiary of  COSCO Shipyard Group Co. Ltd., has secured a contract with SEADRILL to construct a self erecting tender drilling rig T18 valued at USD 75 million, excluding owner furnished drilling equipment. The new drilling rig, T18, when completed, will be equipped with enhanced drilling capabilities allowing for higher drilling efficiency including the advantage of a light weight drilling equipment set. The rig is capable to drill at 6,500 feet and a drilling depth capacity of 20,000 feet. SEADRILL has now exercised the last of the options awarded by COSCO. SEADRILL was awarded altogether two options (over T17 and T18) in February 2011 when T15 and T16 were contracted. The option over T17 was exercised in April 2011, as announced on 13 April 2011.

Little Change Seen In Offshore Rig Counts

Offshore rig activity changed little from last week, according to Offshore Data Services' weekly mobile offshore rig count. In the U.S. Gulf of Mexico, 145 of 191 mobile offshore drilling rigs are under contract this week, a one-rig decline compared to last week. U.S. Gulf drilling fleet utilization is 75.9 percent. In European waters, 74 of 107 mobile offshore drilling rigs are under contract this week, a one-rig increase compared to last week. European offshore rig fleet utilization is 69.2 percent. Worldwide, 472 of 633 mobile offshore drilling rigs are under contract this week, a one-rig increase compared to last week. Worldwide offshore rig utilization is 74.6 percent.

Keppel FELS Secures Order for $191m Jackup

Keppel FELS Limited (Keppel FELS), the wholly-owned subsidiary of Keppel Offshore & Marine Limited (Keppel O&M), has secured a contract from PetroVietnam Drilling Investment Corp (PVD Invest) to build a $191m jackup drilling rig. The contract was secured following Keppel FELS’s successful delivery of PV Drilling I, a high quality jackup drilling rig, two months ahead of schedule in March 2007. Like PV Drilling I, the new rig will also be built to the KFELS B Class design. To be named PV Drilling II, it is slated for delivery in the fourth quarter of 2009.

Brazilians Sign Charters for Three Semi-submersible Rigs

Queiroz Galvão Óleo e Gás (QGOG) partners with Sete Brasil in charter agreements for 3 drilling rigs. QGOG, the largest Brazilian provider of drilling and production services, announce that, in partnership with Sete Brasil, they have signed a charter and services agreement for three semi-submersible ultra-deep water drilling rigs, named Urca, Bracuhy and Mangaratiba. QGOG will operate the rigs and QGOG Constellation, through one of its subsidiaries, holds a 15% equity stake in each rig. The drilling rigs will be built at the BrasFels shipyard in Angra dos Reis, Rio de Janeiro, Brazil with local content above 55%. They are expected to begin operating in 2016, 2018 and 2019, respectively and are part of the package of 21 drilling rigs negotiated between Sete Brasil and Petrobras.

COSL Installs AMOS Software

China Oilfield Services Limited (COSL) has agreed a deal to implement the fleet management software AMOS  from SpecTec Asia Pacific East Ltd across three units of its fleet. The two parties have signed a contract which includes the supply of AMOS software suite, databases and associated consultancy services. AMOS is going to be installed onboard a 3000 meter semi-submersible drilling platform (COSL 981), delivered in 2011,  as well as onboard two jack-up drilling rigs (HYSY936 and HYSY942). COSL is the leading integrated oilfield services provider in the offshore China market. Its services cover each phase of offshore oil and gas exploration, development and production.

ABB Wins Offshore Contracts of $150m

ABB, a power and automation technology group, recently won six contracts collectively worth more than $150m to supply main electrical systems for drilling rigs and drill-ships built in Asia. The orders were booked during the third quarter of 2008. Among the new orders are three deepwater drilling rigs now under construction at the Jurong Shipyard in Singapore, two drill-ships (Stena DrillMAX ICE and the Pride #4 drill-ship) to be built at Samsung Heavy Industries and another drill-ship for Metrostar to be built at Hyundai Heavy Industries in Korea. Matti Reinikkala, head of ABB’s Process Automation division attributes the recent commercial success to the group’s global strategy.

Worldwide Offshore Rig Utilization Drops

Worldwide rig utilization decreased the week ending December 15, according to Offshore Data Services (ODS). With 560 of the world's 647 mobile offshore drilling rigs under contract, worldwide offshore rig utilization fell 0.6 percent to 86.6 percent. The rig utilization rate in the U.S. Gulf of Mexico fell because of a one-rig decrease, bringing the number of mobile offshore drilling rigs in the Gulf under contract to 181 out of 207, bringing utilization down 0.9 percent to 87.4 percent. The European offshore rig count fell by one, with 87 of the 101 mobile offshore drilling rigs in the region under contract, pressuring utilization to down one percent to 86.1 percent, ODS said.

UMW Wins Petronas Contract

Image: UMW Oil & Gas Corporation

UMW Offshore Drilling has received two contracts from Petronas Carigali worth US$34.81mil to provide services to its firm and optional wells. UMW Offshore Drilling is a wholly-owned subsidiary of UMW Malaysian Ventures (UMV), which in turn is a wholly-owned subsidiary of UMW Oil & Gas Corporation (UMW-OG). UMW-OG said that the contracts are to provide jack-up drilling rig services for both firm and optional wells. The Contract is for the provision of Drilling Rig Services for PCSB’s Drilling Programme, whereby UMW-OG Group will assign its UMW NAGA 3 for this contract.

Sembcorp Marine Acquires A 50 Percent Stake In PPL Shipyard

SembCorp Marine has signed a Sale and Purchase Agreement with PPL Holdings Pte Ltd to acquire a 50 percent equity stake comprising 10,000,000 shares of $1.00 each in PPL Shipyard Pte Ltd. (PPLS) for $16 million. PPLS' business is primarily in oil rig and vessel construction as well as steel fabrication. It has recently secured a contract for the construction of two jack-up drilling rigs, each having a value of $125 million, from Sante Fe International Corp., with a construction period of 24 months for each rig. There are also options for four additional jack-up drilling rigs to be built for Sante Fe International Corporation. Last year, PPLS delivered a semi-submersible drilling rig named Cajun Express to U.S. offshore drilling company, Transocean Sedco Forex Inc.

Quick Modification of Offshore Jack-Up Drilling Rigs

Bollinger Fourchon, LLC, a subsidiary of Bollinger Shipyards, demonstrated its ability to modify or repair offshore jack-up drilling rigs quickly and cost effectively, with three recently completed projects. One project, for R&B Falcon Drilling, Inc., involved the replacement of jet piping (which blows away sand and mud around the rig legs for easier movement) and the fabrication and erection of an interior bulkhead on the Cliffs 150 rig in just eight days. The other two nearly-identical projects involved Glomar Adriatic IX and Glomar Adriatic X, two Marathon LeTourneau Class 116-C jack-up drilling rigs owned by Global Marine International Drilling Corporation of Houston. On each rig, Bollinger, in conjunction with Marathon LeTourneau, lengthened the three legs from 410 ft. to 477 ft.

Hyundai Heavy Wins $750 Million Drilling Rig Order

Photo: Hyundai Heavy Industries

Hyundai Heavy Industries (HHI) announced that it won a $750 million order to build a semisubmersible drilling rig for Diamond Offshore. The drilling rig, measuring 123 meters in length and 96 meters in width, can operate in waters 3,000 meters deep with a drilling range of 12.2 kilometers from the sea’s surface. The rig is scheduled to be delivered by November 2015. english.hhi.co.kr  

MMS Monitoring Two Adrift Rigs

The Minerals Management Service has two confirmed reports of drilling rigs adrift in the central . The MMS, industry, and the U.S. Coast Guard are working together to monitor the paths of the two rigs. MMS has determined through a pre-hurricane season risk analysis that there is minimal infrastructure in the areas surrounding these two rigs. The MMS conducts risk assessments of every mobile drilling rig location plan prior to hurricane season before granting approval of each plan. The assessments consider the proposed location’s proximity to critical oil and gas infrastructure, condition of seafloor, and station–keeping (mooring) capabilities of each specific rig. Once the weather in the clears, over flights by MMS staff, the U.S.

Aker Kvaerner Awarded Drilling Equipment Contract

Aker Kvaerner has been awarded a contract with Daewoo Shipbuilding & Marine Engineering Co Ltd in South Korea for delivery of drilling facilities for an ultra deepwater semi submersible drilling rig ordered by an international drilling contractor. The total contract value for Aker Kvaerner is approximately USD 86 million. The award is based on an option included in a contract Aker Kvaerner signed with Daewoo Shipbuilding & Marine Engineering Co. Ltd in February 2006. The work is undertaken by the Aker Kvaerner subsidiary, Aker Kvaerner MH in Kristiansand. The scope of work for Aker Kvaerner MH is to deliver a complete drilling package including engineering, equipment deliveries and commissioning services. The ultra deepwater semi-submersible drilling rig is scheduled for delivery in 2009.

Aker Kvaerner Awarded Contract with Daewoo

Aker Kvaerner has been awarded a contract with Daewoo Shipbuilding & Marine Engineering Co Ltd in South Korea for delivery of drilling facilities for an ultra deepwater semi submersible drilling rig ordered by an international drilling contractor. The total contract value for Aker Kvaerner is approximately $86m. The award is based on an option included in a contract Aker Kvaerner signed with Daewoo Shipbuilding & Marine Engineering Co. Ltd in February 2006. The work is undertaken by the Aker Kvaerner subsidiary, Aker Kvaerner MH in Kristiansand. The scope of work for Aker Kvaerner MH is to deliver a complete drilling package including engineering, equipment deliveries and commissioning services. The ultra deepwater semi-submersible drilling rig is scheduled for delivery in 2009.

Maritime Reporter Magazine Cover Dec 2017 - The Great Ships of 2017

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