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  • Offshore Driller News

    Noble Corporation has exercised an option with Hyundai Heavy Industries for the construction of an ultra-deepwater drillship, the fourth ordered this year by the company. The rig, which has not yet been named, is based on the Hyundai Gusto P10000 hull design and will be outfitted to drill in up to 10,000 ft of water but will be capable of operating in up to 12,000-ft water depths. Construction cost, including turnkey construction contract, company-furnished equipment, project management and spares, is expected to be $630 million, and delivery is scheduled for the second half of 2014. The rig will be equipped with two complete BOP systems and a DP-3 stationkeeping system and will provide accommodations for 210 personnel. Noble does not currently have a contract in place for the rig.

     

    ENSCO, PLC has received a short contract from Cimarex Energy Co. for idle jackup ENSCO 81. The rig is expected to move to location in South Timbalier Block 265 in about a week, with the 17-day P&A keeping the rig working through the end of the month. The rig has been idle in South Timbalier Block 28 since early August after completing a contract for Walter Oil & Gas Corporation....

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  • Offshore Driller News

    Hercules Offshore has received a new contract from Apache to take jackup Hercules 214, with the rig now under tow to location in Main Pass Block 68. Upon completion, the jackup will enter a yet-to-be-named shipyard for a 45-day ABS inspection. Jackup Hercules 150 completed a contract with Hilcorp Energy late last week, and the rig has just arrived on location in Eugene Island Block 28 for the start of a one-well contract with Rooster Petroleum. Work is scheduled to last around 25 days, making the rig next available in the second half of September.

     

    Operations for ENI US Operating with semi ENSCO 8500 in Green Canyon Block 517 have ended, and the rig is now in East Breaks Block 602, where it is undergoing BOP modifications. Work is expected to take about 60 days, after which the rig will remain in the block for two wells with Anadarko Petroleum in the Nansen field. The rig is operating under a five-year rig sharing agreement between ENI and Anadarko that runs to August 2013. Reports continue to circulate that newbuild drillship ENSCO DS-3 will have a sublet contract signed shortly that will take it out of the US Gulf of ...

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  • Offshore Driller News

    In the wake of the Deepwater Horizon tragedy, the Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) reported it has issued 67 new shallow water well permits since new standards were put in place during June 2010. Permits have averaged more than six per month over the past eight months. In addition, the agency has approved deepwater permits for 26 unique wells since mid-February, with 19 permits pending, and 26 permits returned to operators requiring additional information.

     

    BP has exercised its six-month option on the contract of Transocean drillship Discoverer Enterprise, and the operator further agreed to an additional one-year extension for the rig. The six-month extension, which keeps the day rate at $435,000, will begin August 1, 2012, with the one-year term beginning January 2012 at a rate of $492,000. The rig, which recently underwent a deep cleaning and decontamination process after completing work at the Macondo oil spill site in Mississippi Canyon Block 252, is currently on standby for BP in Grand Isle Block 61.

     

    Diamond Offshore semi Ocean Saratoga has completed its sublet contract for Nexen Petroleum in Green Canyon Block 50. The rig’s contract with Taylor Energy is now completed and the rig ...

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  • Offshore Driller News

    Rowan Companies reported a net income of $32.1 million on revenues of $364.3 million for the three months ended March 31, 2011. That compared to a net income of $64.6 million on revenues of $432.4 million for the same period in 2010. Transocean, Ltd reported that for the three months ended March 31, 2011, it earned net income of $310 million on revenues of $2.144 billion versus net income of $677 million on revenues of $2,579 billion. Parker Drilling said it had a net income of $4.8 million on revenues of $156.2 million for the first quarter of 2011 compared to a net loss of $2.1 million on revenues of $157.6 million for the first three months of 2010. Atwood Oceanics said it earned net income of $70.6 million on revenues of $159 million for the first three months of 2011 versus a net income of $66.7 million on revenues of $159 million for the same period a year ago.

     

    Diamond Offshore jackup Ocean Titan has moved to Ship Shoal Block 290 to begin the final well of its contract with ANKOR Energy. Operations are expected to last around 30-days. Also, jackup Ocean Columbia is now on location in ...

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  • Offshore Driller News

    Block Mexico state oil giant Pemex has confirmed jackup contract awards for three outstanding tenders, confirming two of the awards March 9 and the third on March 10. For the three-rig Tender 503-11, Noble Drilling won both of the 350-IC requirements, consisting of a 272-day term for the Noble Leonard Jones starting March 19 and a 286-day contract for the Noble Bill Jennings (currently in the U.S. Gulf of Mexico) starting March 21. For the 250-IC portion of the tender, Perforadora Mexico won the 286-day program with its Sonora starting March 20. For the two, 2,000 hp platform rig portion of the bid, the joint venture of China Oilfield Services, Ltd. (COSL) and Goimar SA de CV were the sole bidders. The COSL-1 will undertake the 716-day program starting April 1, while the COSL 2 will work under a 274-day term starting April 2. Both rigs are currently working for Pemex.

     

    In Tender 504-11, which called for three, 300-IC jackups and one 250-IC jackup, Noble Drilling won two of the four awards. The Noble Gene Rosser was confirmed for one of the 300-ft awards, a 248-day program starting April 28, while the Noble Earl Frederickson won the 250-IC contract, ...

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  • Offshore Driller News

    Noble Drilling reported that for the fourth quarter of 2010, it had earnings of $99 million on revenues of $614 million. In the same period in 2009, the company earned $446 million on contract drilling revenues of $894 million. For the full year 2010, Noble had net income of $773 million on contract drilling revenues of $2.69 billion versus net income of $1.68 billion on contract drilling revenues of $3.51 billion in 2009.

     

    Pride International has taken delivery of a third newbuild drillship, the Deepwater Mendocino, from Hyundai Heavy Industries in South Korea. The rig will depart the yard around mid-February and is expected to arrive in the US Gulf of Mexico in May. Pride has a five-year contract for the rig with Petrobras scheduled to begin in June, but given the ongoing dearth of well permit approvals, whether the rig will end up drilling in the Gulf remains to be seen. Pride’s recently delivered newbuild Deep Ocean Clarion, which has a five-year contract with BP, is rumored to be leaving the Gulf for Brazil, with departure possibly as soon as next month. Finally, reports indicate Pride is inching closer to finalizing an agreement to move newbuild Deep Ocean ...

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