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COSL (APAC)

/COSL (APAC)
COSL (APAC) 2017-08-10T11:42:24+00:00

Project Description

3108, 2017

COSLProspector To Complete CNOOC Charter

Market sources suggest that MDW semi COSLProspector (4,921') will complete work with CNOOC in the South China Sea in the fourth quarter of 2017. It is understood that the rig is being bid on work for 2018 and 2019 in the UK and Norwegian sectors, where the company has seen the most increase in tendering activity of late. The unit does not yet have a UK Safety Case or Norwegian AoC, which it would need to work in either of these countries.

2308, 2017

UDW / Floater New Build News

The former Frigstad Kristiansand, now Bluewhale II, nears delivery and is currently on sea trials. The 7th generation Frigstad D90 design 12,000ft wd rated semi is now owned by CIMC Bluewhale Rig Ltd and is set for delivery at the end of this month. No charter has yet been announced for the rig. Another Chinese owned semi-sub, COSL’s Hai Yang Shi You 982, under construction at Dalian Shipyard, is also nearing delivery, scheduled for early 2018. The harsh environment Agility GG5000 design rig is currently having its thrusters installed which will be followed by sea trials. The 5,000ft wd rated [...]

2108, 2017

Baker Hughes Bending Over Backwards For Twinza

Twinza Oil has taken on Baker Hughes in what is claimed to be the world’s first “full-stream” agreement for the development of the Pasca-A gas field in PPL 328. The agreement includes drilling services, subsea equipment, gas processing topsides, gas compression and turbomachinery, and installation and commissioning services as well as Baker Hughes also assist-ed Twinza with a financial solution to allow the company to complete appraisal drilling and proceed to FID. The drilling project is to start next month with COSL jackup COSLSeeker already contracted for one development well. The FID is expected to be taken some time in [...]

2008, 2017

HCML Continues To Progress With Jackup Tender

Husky-CNOOC continues to make heavy weather of the tender for a jackup for their MBH, MDA and MDK development drilling project in the Madura Sea, having now invited the six qualified contractors to pick up tender documents for their latest re-tender. A pre-bid meeting was held on 11 August and attended by representatives of Apexindo, COSL, Seadrill, JDC, KS Drilling and Shelf. Bids are now due in on 29 August. The 7+2 well program is scheduled to commence in Q4 this year.

1808, 2017

COSLPower On Standby In Malaysia

COSL jackup COSLPower has yet to mobilize to Nigeria even though it is scheduled to com-mence its charter with Sirius Petroleum later this month. The rig is on standby in Malaysia awaiting the operators instructions to commence mobilization. The 4-well charter is expected to keep the rig busy for around 6 months. It has been idle since September 2014.

1508, 2017

Husky-CNOOC Jackup Bids Due This Month

After re-tendering in March, bids are due back to Husky-CNOOC (HCML) on August 29 for the operator's seven-well plus two-option contract in the MBH, MDA and MDK fields in the Madura Sea area off Indonesia. The qualified contractors, Apexindo, Seadrill, COSL, Japan Drilling, KS Drilling and Shelf Drilling, picked up bid packages at an August 11 meeting. Drilling is scheduled to begin late in 2017, so an award should be made in September.

1408, 2017

COSLProspector Secures Charter

COSL’s harsh environment semi COSLProspector, which was completed in 2014 and has only worked for 2 months since its delivery, has secured a 4 month charter with CNOOC in east South China Sea near Taiwan. COSL have had difficulties in finding work for the Grenland GG 5000 design rig originally intending it to join its north sea fleet but has also been marketing the rig in other regions including Australia where it has obtained an Australian Safety Case.

208, 2017

Saka Indonesia Puts Proposed Tender On Hold

Saka Indonesia has reportedly put on hold a proposed tender for a second jackup to work in its Ujung Pangkah and South Sesulu fields off Indonesia. The program was to have been for two wells + two options and would have started in late 2017. Saka currently has COSL jackup Hai Yang Shi You 937 (300'-IC) in the area working under a two well plus eight options contract that is likely to keep the rig busy to April 2018.

3007, 2017

Saka Indonesia Completes First Well

COSL jackup COSL 937 has just completed its first well for PT Saka Indonesia in the South Sesulu PSC of its 2+8 well charter and has relocated to the Ujung Pangkah PSC where it will drill the second of the firm wells. Saka has indicated it will exercise some if not all of the option wells but will only do so closer to the completion of the firm program.

1907, 2017

Ophir Indonesia Extends Pre-Qualification

Ophir Energy’s pre-qualification submission date for its re-tender for an UDW floater has been extended to early August. Five contractors have been invited to participate, Apexindo (who presumably will represent an international contractor), COSL, Ensco, Seadrill and Transocean. Ophir requires a semi or drillship capable of working in 1800m water depths and MPD capable for an explora-tion well in the West Papua IV PSC. The re-tender has removed the requirement for an Indonesian flagged vessel of which there are none and has also lowered the local content requirement reduced to 15%.

1707, 2017

HCML Pre-Qualifies Five Contractors

Husky-CNOOC have pre-qualified five contractors for their long drawn out tender for a jackup for its 7+2 well drilling program in the MBH, MDA and MDK fields in the Madura Sea. Four con-tractors, Apexindo, JDC, COSL and Seadrill had already qualified from a previous failed tender and were joined by KS Drilling. The 18 month charter is to begin in December this year. HCML have been criti-cized by SKKMIGAS for continually favouring Chinese contractors so it will be interesting to see the results this time around.

1307, 2017

HCML Jackup Tender Still At The Pre-Qualification Stage

Husky-CNOOC’s tender for a jackup for a 7+2 well charter for their MBH, MDA and MDK fields in the Madura BD PSC continues to potter along as it has done since December 2015. Still at the pre-qualification stage (lost count how many tenders and re-tenders) they are currently re-questing clarifications from bidders, twelve of whom participated in the previous pre-qualification of which Apexindo, Seadrill, JDC and COSL managed to qualify and are exempt from the current pre-qualification exercise.

907, 2017

COSLSeeker Completes Charter for West Natuna Exploration

COSL jackup COSLSeeker has completed its charter with West Natuna Exploration Ltd in the Duyung PSC in the Natuna Sea and has departed Indonesia and is now in Labuan where it will remain stacked until it is time to depart to Paua New Guinea for its 1-well charter with Twinza Oil.

707, 2017

Petronas Malaysia Moving Forward With Jackup Contracts

PC Ketapang, part of PC Indonesia would appear to be pursuing two separate rigs for their Ketapang and North Madura II drilling campaigns with an LOA believed to have been awarded for 2-wells of 6-months duration for the first campaign through “direct selection”. The selected rig is said to be one that has worked for PC Indonesia previously. These include the Topaz Driller, Tasha and COSLBoss. The initial tender for this work was declared “failed” back in May. PC Indonesia also has an ongoing pre-qualification for a 1-well + 2 options charter for a 400ft capable rig for its North [...]

1506, 2017

COSL Awarded Twinza Oil PNG Contract

Twinza Oil has finally made an award against its tender for a 1-well drilling program in PPL328 offshore Papua New Guinea, selecting COSL jackup COSLSeeker. The charter is to start in early September and will have a duration between 37 and 47 days. The rig has just begun a short term charter with WNEL in Indonesia until end July.

1406, 2017

Saka Expected to Complete First of Two Wells

COSL jackup COSL 937 is expected to complete the first of its 2 wells plus 8 option wells charter with Saka Indonesia sometime this week. It will then relocate from the South Sesulu PSC off East Kalimantan to the Sidayu satellite project in the Ujung Pangkah field in the Madura Sea. Saka has yet to exercise any options but is expected to do so before the end of the second well.

1206, 2017

Hai Yang Shi to Commence with CNOOC

COSL UDW semi Hai Yang Shi You 981 has completed its 5-year SPS and has departed CIMC Raffles shipyard and headed to the South China Sea, near Hainan Island, for a new charter with CNOOC will will go through November this year. The rig has been in the shipyard since September last year.

1106, 2017

COSLSeeker Mobilizes to Indonesia for Conrad

COSL jackup COSLSeeker has departed its stack location in Malaysia and has mobilized to Indonesia where it is set to begin its 1-well charter with Conrad Petroleum subsidiary West Natuna Exploration Ltd (WNEL). The Natuna Sea well is in the Duyung PSC and is expected to be completed within 20 to 40 days.

106, 2017

COSLPower To Mobilize To Nigeria

Another jackup is to depart the region, the twenty-first since early 2015 reducing the regional rig fleet to 53 units. COSL jackup COSLPower is to mobilize to Nigeria for an initial 3-well charter with Sirius Petroleum in the Ororo field. The rig has been stacked in Labuan since completing its PTTEP Thailand charter in September 2014. That COSL would win this work was a no brainer after they had en-tered into a vendor financed offshore drilling contract with Sirius and it only remained to see which rig COSL would nominate for the work. COSL still have three jackups in the [...]

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