Oil and gas company Mubadala Petroleum has begun a drilling program in the G1/48 concession in the Northern Gulf of Thailand. The G1/48 concession, containing the Manora oil field, is located in the Gulf of Thailand where Mubadala is the operator with a 60 percent interest. The remaining interest is
Danish offshore driller Maersk Drilling has won more work in Southeast Asia for its Maersk Deliverer semi-submersible drilling rig. Maersk Drilling said on Tuesday that the semi-submersible Maersk Deliverer was awarded a contract in Southeast Asia by Total E&P Malaysia. According to the company, the
Japan Drilling has found work for another jack-up rig with the North Oil Company on the giant Al Shaheen oil field offshore Qatar. This will be a second rig deal awarded to Japan Drilling on the Al Shaheen field after the Hakuryu 12 jack-up was awarded a two-year firm deal with the NOC in early June
By Bartolomej Tomić Borr Drilling, a recently established offshore drilling company is getting bigger by the day, amassing a sizable jack-up fleet in a short space of time. The Oslo-listed company, as reported on Monday by Offshore Energy Today, has ordered a fresh batch of jack-up rigs – nine – fro
Norwegian oil major Statoil has hit dust in the Koigen Central wildcat well (7317/9-1) in the Barents Sea, offshore Norway. To remind, the Petroleum Safety Authority (PSA) gave Statoil a consent to drill the well using the Songa Enabler drilling rig in July. A consent to drill the well came from the
Oil company Lundin Norway has started drilling exploration well 7219/12-2 on the Hufsa prospect in PL533 in the southern Barents Sea. The well is located in PL533, south of the Filicudi oil discovery and the large Statoil-operated Johan Castberg oil discovery. According to Lundin’s statement on Mond
Offshore driller Borr Drilling Limited has signed a master agreement for the acquisition of nine premium jack-up rigs from Sembcorp Marine’s PPL Shipyard. Borr Drilling said last Friday that the acquisition would increase the company’s fleet to a total of 26 jack-up rigs once all rigs under construc
The number of offshore rigs operating in the U.S. is down by four units last week, according to a report by Baker Hughes, a GE company. Baker Hughes Rig Count: U.S. -4 to 936 rigs U.S. Rig Count is down 4 rigs from last week to 936, with oil rigs down by two to 748, […]
The Norwegian Petroleum Directorate (NPD) has granted Norwegian oil major Statoil a drilling permit for a Gina Krog wildcat well offshore Norway. The well, designated 15/6-14 S, will be drilled from the Maersk Integrator drilling rig, north of the Gina Krog field in the central part of the North Sea
The international offshore rig count in September 2017 dropped by 31 unit year-over-year, according to a Friday report by Baker Hughes, a GE company. The international offshore rig count for September 2017 was 190, down 11 from the 201 counted in August 2017, and down 31 from the 221 counted in Sept
Offshore driller Borr Drilling has teamed up with Schlumberger, world’s largest oilfield services company, to offer integrated, performance-based drilling contracts in the offshore jack-up market. Borr said it would offer the service by leveraging the Schlumberger global foot print, infrastructure a
Maersk Drilling-owned semi-submersible drilling rig Maersk Deliverer has been awarded a new contract by JX Nippon with an estimated duration of 30 days. Maersk Deliverer is the fifth rig that Maersk Drilling has reactivated from warm stacking within the past eight months. The contract covers the dri
U.S.-based oil & gas operator W&T Offshore will start drilling the South Timbalier 224 (ST 224) lease in the Gulf Of Mexico in mid-October. W&T Offshore is the operator of the ST 224 lease with a 39 percent stake. Otto Energy is its partner with a 25% interest. The operator contracted a jack-up rig
By: David Carter Shinn High rig utilization isn’t just a dream. It’s a requirement for a meaningful recovery in dayrates. When utilization in the offshore rig market reaches around 85%, dayrates start to rise significantly. As utilization moves from 60%, for example, up toward over 80%, dayrates inc
