Go Back
  • Offshore Driller News and Earnings

    Diamond Offshore confirms it has received a one-well contract from Marathon Oil for semi Ocean Monarch. Work in Garden Banks Block 515 is scheduled to begin in early May and should last around 60 days. The rig has been idle since June 2010 when Anadarko, which has the rig under contract to March 2013, declared it was terminating the contract via force majeure. Diamond disputed the claim, resulting in a litigation that has yet to be resolved.

     

    Nabors Offshore workover platform rig Sundowner IV has completed its two-well contract with Merit Energy in Vermilion Block 408. With no follow-up work in place, Nabors has mobilized the rig back to New Iberia where it is hot stacked.

     

    Basic Marine Services reports it is refurbishing workover inland barge Basic Marine Rig 15. The rig, which had been idle since December 2008, is now at the Bollinger Shipyard facility in Amelia where work is scheduled to be completed in late May. At present, Basic does not have a contract in place for the rig.

     

    Hercules Offshore reports jackup Hercules 204 completed work in Eugene Island Block 113 for LLOG Exploration and the rig is now stacked on location. It is ...

    Full story

    Comments (0)

  • Gulf of Mexico Rig Utilization

    Total mobile rig utilization in the Gulf of Mexico remains at 50% this week with 63 of 126 mobile rigs under contract or committed for work. Marketed utilization, which excludes cold stacked and other non-marketed rigs, fell to 82.9% with 63 of 76 rigs under contract.

     

    Within the jackup fleet, two Noble Drilling jackups departed the region for Mexico, while the Hercules 204 was released. As a result, total utilization now stands at 40% with 34 of 85 rigs under contract or committed for work. Marketed utilization is now 75.6% with 34 of 45 units contracted.

     

    Floating rig utilization is unchanged this week. Overall, 29 of 35 rigs are under contract for utilization of 82.8%, while marketed utilization is 93.5% with 29 of 31 rigs under contract.

     

    Total Platform rig fleet utilization fell slightly as one idle Nabors Offshore rig was returned to the total fleet while a previously contracted unit was released. Fleet utilization is now at 35.3% with 18 of 51 units under contract, with marketed utilization at 54.5% with 18 of 33 rigs contracted.

     

    Inland barge utilization rose with the addition of one rig to the contracted rolls. Total fleet utilization now stands ...

    Full story

    Comments (0)

  • Gulf of Mexico Rig Utilization

    Total mobile rig utilization in the Gulf of Mexico is up this week as two previously idle rigs received contracts while one idle jackup is under tow from Mexico. Current fleet utilization is 44.1% with 57 of 129 mobile rigs under contract or committed for work. Marketed utilization, which excludes cold stacked and other non-marketed rigs, jumped to 77%, with 57 of 74 rigs under contract.

     

    Within the jackup fleet,two previously idle Hercules Offshore units received contracts while the Noble John Sandifer is now mobilizing from Mexico where it will join Noble’s other non-marketed jackups. In addition, the status of two idle Seahawk Drilling jackups was changed to cold stacked, resulting in two fewer marketed units. As a result, total utilization is now 34.8%, with 31 of 89 rigs under contract or committed for work. Marketed utilization jumped to 72.1%, with 31 of 43 units contracted.

     

    Floating rig, utilization is unchanged from a week ago as well. Currently, 26 of 34 rigs are under contract for utilization of 76.5%. Marketed utilization is now 83.9% with 26 of 31 rigs under contract.

     

    Total Platform rig fleet utilization is also unchanged from last week. Fleet utilization is now at ...

    Full story

    Comments (0)

  • Offshore Driller News

    Jackup Seahawk 2602 completed its contract with Energy XXI USA, Inc. late last week. The rig is now stacked on location in Main Pass Block 61, but Seahawk will move it later in the week to its stacking location in South Timbalier Block 56. Meanwhile, jackup Seahawk 2001 is finished with its well in Main Pass Block 64 with MEDCO Energi International. The rig will begin moving Tuesday, October 5, to Ship Shoal Block 63, where it will undertake a 15-day workover for PetroQuest Energy, Inc. The rig is then available in the second half of October. Jackup Seahawk 2004 will now finish its contract with Bandon Oil & Gas in Vermilion Block 196 in mid-October. The rig was originally scheduled to wrap up work at the end of September, but delays with the well completion will extend the completion date.

     

    Argentine oil company YPF SA will begin a $120 million exploration program late this year or early in 2011 off Tierra del Fuego in the Falklands Islands Basin. The company will be part of a consortium including Pan American Energy, LLC and Petrobras and will drill in water depths up to 2,000 fsw by Stena Drilling. YPF says ...

    Full story

    Comments (0)