Industry News

Noble Corp has entered into an asset purchase agreement to sell five jackups for $375 million to a newly formed subsidiary of Shelf Drilling. The sale agreement includes the rigs Noble Hans Deul, Noble Sam Hartley, Noble Sam Turner, Noble Houston Colbert and Noble Lloyd Noble, along with all related support and infrastructure. Associated offshore and onshore staff are expected to transfer with the rigs.Following the sale, Noble expects to continue to perform the current drilling program for the Noble Lloyd Noble under a bareboat charter arrangement with Shelf Drilling until Q2 2023, when the primary term of its current

Odfjell Technology, an offshore operations, well services technology and engineering solutions supplier, has been awarded a three–year contract with Petronas through its local agent, Time Marine Services, to provide all required tools, chemicals and services for the company’s wellbore cleanup operations in east Malaysia.The agreement, awarded by Petronas subsidiary Petronas Carigali Sdn Bhd, follows Odfjell Technology’s successful delivery of similar services to other operators offshore Malaysia.“We are delighted with the confidence Petronas has shown in us through this contract award. We are committed to delivering strong operational and QHSE performance while being commercially attractive, which underpins our strategy to be

Saipem has been awarded new contracts for drilling offshore the Middle East and West Africa for a total amount of more than $400 million.Two contracts have been awarded in the Middle East for two high specification jackups, consisting of drilling and workover operations for a duration of five years. The start of operations is scheduled for Q4 2022.Each contract includes options for two additional years. These projects will involve one Saipem jackup and a new high specification jackup chartered from CIMC Group for the project.Another contract was awarded by Eni for a drilling campaign offshore West Africa, with operations expected

Maersk Drilling has been awarded contracts with Shell for the Maersk Voyager drillship for drilling services offshore multiple countries. The contracts are expected to commence in April 2022 and last for one year. The total contract value is approximately $107.5 million. The contracts include an additional one-year option.As part of the deals, Maersk Drilling and Shell have agreed to implement the RigFlow solution delivered by Maersk Drilling subsidiary Horizon56. RigFlow standardizes and digitalizes the core workflows involved in well construction, including real-time exchange of information between onshore planning units, the offshore drilling teams, and the service companies supporting the operations.“This

Shell announced the start of production at PowerNap, a subsea development in the US Gulf of Mexico with an estimated peak production of 20,000 BOED. PowerNap is a tieback to the Shell-operated Olympus production hub in the prolific Mars Corridor.“Shell has been producing in the Mars Corridor for more than 25 years, and we continue to find ways to unlock even more value there,” said Zoe Yujnovich, Shell Upstream Director. “PowerNap strengthens a core upstream position that is critical to achieving our ‘Powering Progress’ strategy and ensuring we can supply the stable, secure energy resources the world needs today and

Santos announced the Pavo-1 exploration well has confirmed a significant oil discovery 46 km east of the Dorado field in the Bedout Sub-basin, offshore Western Australia.The well was drilled on the northern culmination of the greater Pavo structure and encountered a 60-m gross hydrocarbon column in the primary Caley member reservoir target. Wireline data has confirmed 46 m of net oil pay, with an oil-water contact intersected at 3,004-m measured depth (MD). Excellent reservoir quality is interpreted from logs with 19% average porosity, permeabilities in the 100- to 1,000-millidarcy range and hydrocarbon saturations averaging 80%, similar to that encountered in