Jackup ENSCO 106 (400'-IC) has completed operations in Block B15 for Sapura Energy, completing the contract. It is now mobilizing to Singapore where it will undergo contract preparations for its upcoming five-year plus three-year option program with BP in the Tangguh PSC off Indonesia, with work starting in December.
Atwood Oceanics reports it had a net loss of $4.3 million on revenues of $117.2 million for the second three months of 2017. That compared to a net income of $99.5 million on revenues of $227.8 million for the same period in 2016. During the quarter, Atwood signed an Agreement and Plan of Merger with ENSCO, with the deal expected to close in 3Q/2017.
BP Indonesia and Ensco have now brought forward the commencement date of the 5+3 year contract awarded to jackup Ensco 106. The rig, which is currently in Malaysia working for Sapura Energy until September, will now begin its charter at Tangguh in West Papua in December instead of early 2018 as previously planned. The rig will next be available in December 2022 at the earliest.
Chevron in Australia has released Ensco jackup Ensco 107 a little earlier than expected and have not exercised the last two options they held under the contract. The rig had been carrying out a plug and abandonment program at the Thevenard Island Retirement Project. The rig has now left Australia and is now heading back to Singapore where it will be stacked and is available.
Jadestone Energy has delayed the commencement of their jackup drilling program in the Stag field until sometime in 2018. Jadestone had been in direct negotiations, understood to have been with Ensco, to hire a jackup for an appraisal well and three infill wells commencing in Q4 or upon rig availability. The postponed drilling program may now include a further 3 wells that Jadestone had been considering for 2018. Jadestone would have had the opportunity to contract either Ensco 107 or Noble Tom Prossser both of which would have completed other Australian charters by Q4 and itbis a surprise they did [...]
Ensco jackup, 1976 built LeTourneau Class 84 Ensco 67 is currently off location undergoing “scheduled maintenance” rumoured to include repairs to cracks in the legs. The rig, on charter to PHE WHO in Indonesia until December, is expected to be out of service for around 37 days and is currently in shallow water in the Madura Sea.
Ensco has put its 1983 built L780 Mod II jackup Ensco 52 up for sale. The rig has had long service in the region and has just completed a charter with Murphy in Malaysia plus a sublet to Repsol. The rig has arrived in Singapore for stacking and has been taken out of service. There are now only two left in operation of Ensco’s former fleet of six F&G L780 Mod II design jackups. Ensco also announced it had finalized the sale for scrap on US-based jackups Ensco 90 and Ensco 99 as well as the sale of jackup Ensco [...]
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%.
Jadestone, who have now officially taken over as operator of the Stag oilfield in permit WA-15-L after receiving approval for the purchase from NOPSEMA , are now expected to announce the award of a contract for a jackup, widely expected to be Ensco 107, for a 1 to 3 well drilling program to commence in late 2017 or early 2018.
ConocoPhillips’ tender for a 400ft jackup to drill two (2) platform production wells and a subsea well in the Bayu-Undan field in the JPDA is in the clarification stage with bid evaluations having been completed. Five contractors are understood to have submitted bids, Ensco, Noble, Seadrill, Northern and Transocean. The 270 day program is set to start in April 2018.
Ensco jackup Ensco 52 has completed its farm-out to Repsol in Malaysia and is currently on standby for Murphy offshore Peninsular Malaysia while it runs down its contract due to finish at the end of this month. Upon completion of its charter the rig will be demobilized to a stack location.
Atwood deepwater semi Atwood Osprey has completed its charter with ConocoPhillips in the Barossa field offshore Western Australia with a successful apprais-al well and has now mobilized to permit WA-483-P in the North Carnarvon Basin also off Western Australia for its one well charter with Woodside which will keep the rig busy until around No-vember. The rig’s next charter, also with Woodside does not start until March 2018.
Sapura Energy’s tender for a jackup to carry out six workovers and sidetracks plus two exploration wells with a total duration of 155 days has now closed with six or seven contractors having submitted bids said to include COSL, Ensco, Seadrill, JDC and PV Drilling amongst others. The program is scheduled to start in September. Sapura currently have Ensco 106 on charter until August but this rig is unlikely to be a contender since it is contracted to BP in Indonesia long term to start early 2018, however Ensco are likely to propose Ensco 108 which is available.
Quadrant Energy, whose chopping and changing over their floater and jackup requirements has been confusing, are believed to have selected the winning floater for their 2 well plus 2 infill wells plus options program in the Van Gogh field and the Phoenix South well and are expected to announce their selection shortly. The rumour mill suggests it is between Ensco with Ensco 8504 and Transocean with GSF Development Driller I with Brokers suggesting a moored UDW rig from outside Australia as the likely winner. Both have dual mooring systems. DD1 has been cold stacked in the Canary Islands since April [...]
Chevron have exercised more options on Ensco jackup Ensco 107 keeping the rig through until August this year. The operator retains 2 more options which if exercised will keep the rig occupied until October. It is undertaking a plug and abandonment program at the Thevenard Island Retirement project in permits TR/4, TL/4 and TL/7.
Sapura Energy have relocated Ensco jackup Ensco 106 from location offshore Terengganu to Sarawak where it will continue its charter on the B15-A field. The rig is expected to remain on this location until end August when it will be released. The rig will then prepare for its 5 year charter with BP in Indonesia set to start early in the new year.
Jadestone Energy is understood to be in direct negotiations with a contractor for a jack-up to drill 1 appraisal and 3 infill wells in the Stag field WA-15-L. Commencement is between November this year and January next year. Market sources say the selected contractor is Ensco with the jackup Ensco 107 which is already in Australia working for Chevron.
Atwood Oceanics, a popular takeover candidate for over 20 years has at last succumbed and has been taken out by Ensco in an all stock transaction. Atwood shareholders will receive 1.60 Ensco shares for each Atwood share for a total value of $10.72 per Atwood share based on Ensco’s 26 May closing price of $6.70—around $860m. The merged company will have a combined con-tract backlog of $3.7bn. Atwood’s fleet of four UDW drillships, two UDW/DW semis and five premium jackups will boost Ensco’s fleet strength to make it the world’s largest jackup fleet with thirty-seven (37) modern units plus twenty-one [...]