Repsol’s tender for a floater for its Ca Rong Do drilling program in Blocks 135 & 136/03 is in the clarification stage. The 5+8 well program is due to commence in Q1 2018 in 320m water depths. The firm duration is 216 days with another 258 days potential options. Although it is a mid water requirement it is almost certain to be fulfilled with one of the region’s ultra deepwater rigs. Repsol have Odfjell UDW drillship Deepsea Metro 1 on charter at present though under force majeure after China pressured Vietnam to stop drilling in the disputed waters around the [...]
As previously reported, the Vietnamese Government has forced Repsol to cease drilling in Block 136-3, which lies in the disputed portion of the South China Sea, after China threatened Viet-namese facilities on their Spratly Island outposts. Odfjell’s UDW drillship Deepsea Metro I has returned to Vung Tao and Repsol has issued a Force Majeure notice under its contract with Odfjell. The rig had completed one well under its 2 firm well charter which had a minimum duration of 150 days. Odfjell is now considering the legal implications of the notice. Meanwhile Repsol have reported that they have spent $27m so [...]
Despite all the initial secrecy surrounding the Repsol drilling program in Vietnamese Block 136-3, using Odfjell UDW drillship Deepsea Metro 1, it was inevitable that China would object to Repsol drilling in a disputed area of the South China Sea and indeed they have now forced the Vietnamese authorities to stop Repsol drilling in the block. Some reports suggest that China, rather than attacking an internationally owned drilling rig, had instead threatened to attack Vietnamese outposts in the Spratly Islands if drilling did not stop. The rig is understood to have drilled one well plus a sidetrack but is now [...]
Odfjell UDW drillship Deepsea Metro 1, on charter to Repsol in Vietnam, is actually drilling in disputed waters in Vietnamese Block 136-03 which is called Wan-an Bei 21 by China who also claim the area some 400km off the Viet-namese coast in the South China Sea. This explains the secrecy that has surrounded this charter. Apparently Talisman/Repsol were denied permission to drill over the last three years to avoid upsetting China but Hanoi has now given permission for them to pro-ceed. On the Chinese side this same block is leased to a Hong Kong company, Brightoil, two of whose direc-tors [...]
Odfjell UDW drillship Deepsea Metro 1 has begun its 2-well plus an option well plus 3 optional side-tracks charter with Repsol in Block 135/03 offshore Vietnam. The firm contract is 150 days which will take the rig up to December with options into February or March 2018 if exercised.
Odfjell have now finalized a contract with an operator in Vietnam, widely believed to be Repsol in the Ca Rong Do field, for a 2 well plus options for a further well and for 3 sidetracks. They had announced receipt of an LOI back in March for UDW drillship Deepsea Metro I. The firm period is expected to last 150 days and commencement is likely to be mid June. The rig is already in Vietnam.