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West Vencedor Contract Extended

/West Vencedor Contract Extended

West Vencedor Contract Extended

Market reports say Medco Energi has exercised three of nine priced option wells it had available on Seadrill semi tender West Vencedor (6,561′). The new term in Block B off Indonesia is said to have begun earlier this month with the 40-day wells expected to keep the rig busy into November. Medco contracted the tender unit under a five-month (three wells) plus options contract that started in March. Medco Energi acquired Block B and other Indonesian assets from ConocoPhillips in 2016.

2017-08-25T18:41:06+00:00 August 26th, 2017|