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 [...]
Another arrival in Singapore, Aban jackup Deep Driller 5, has entered Sembcorp Marine Tuas Boulevard shipyard where it will undergo contract preparations ahead of its 5-year plus 3–year options charter with Shell Brunei which is expected to commence in November this year. After completing a charter with Vietsovpetro then being stacked in Indonesia since April 2015 the rig completed a short term contract with Cairn in India.
Transocean’s Deepwater Nautilus has picked up a 4+11 well charter with Sarawak Shell. The rig has been contracted by Shell in the Gulf of Mexico since 2008 and arrived in Malaysia in August 2016 to be stacked on contract until the completion of its current contract on 28 August this year. Shell had tendered in December last for a moored mid water floater to work in up to 500m water depths and have instead chartered a moored UDW floater capable of working in 2500m water depths; sign of the times. The charter is set to start in Q4 and if [...]
Shell has applied to delay its commitment well for permit WA-496-P in the Carnarvon Basin which was due to have been drilled by October 2018. The operator has already completed its commitment for a 3D seismic survey. Hess has also applied to delay its drilling commitment in WA-518-P also in the Carnarvon Basin which was due by September 2018.
Another Transocean UDW unit, drillship Discoverer Luanda, is reported to by on a standby rate of $431,000 a day whilst seeing out its contract with BP which ends in February 2018. The rig recently arrived from Angola and is stacked in Labuan beside another BP contracted unit on standby under contract, Ocean GreatWhite. Transocean also has Deepwater Nautilus stacked on contract in Labuan, this time chartered to Shell until end of August this year.
Shell’s giant FLNG facility, the Prelude FLNG, has arrived at the Prelude field in Western Australia after a 3,600 mile journey from Samsung shipyard in South Korea during which it was towed by three tugs. The largest floating offshore structure ever built is capable of extracting and liquefying gas at sea so it can be ex-ported direct from the facili-ty to buyers around the world. The facility will be moored to the seabed, in 250m water depths, via 16 pre-positioned mooring chains attached to its 93m high turret, and will remain on loca-tion for up to 25 years and peak [...]
Shell is said to have selected a moored semi-sub from its 4 well plus 8 options tender issued back in January, to work offshore Sarawak. Originally the tender had included wells for Pexco and Mubadala but both later pulled out with the latter said to have selected a separate semi for its program. Commencement is now set for September this year. Moored mid water semis in south east asia are scarce at present, only Hakuryu 5 is working, with Stena Clyde stacked in Australia since September 2015, the future of Doo Sung uncertain as KNOC consider offers they have received [...]
Aban jackup Deep Driller 5 has mobilized from its stack location in India to Singapore where it will enter a shipyard for modifications and preparatory work prior to commencing its 5+3 year charter with Shell in Brunei. The rig will mobilize to Brunei in October/November and is next available 2022 or 2025 if options are exercised. The rig last worked for Cairn in India but prior to that had been contracted to Vietsovpetro in Vietnam.
Shell’s massive Prelude floating liquefied natural gas (FLNG) vessel is now mobilizing from Samsung shipyard in South Korea and is on tow to North West Australia to the Prelude gas field where it will be secured to pre-installed mooring chains before the commissioning process begins. The Prelude FLNG, 488m long, was constructed by a Technip/Samsung joint venture and is the largest off-shore facility ever constructed and built at a cost of $10 billion.
After appraising the market of their plans to drill 4+4 wells off the Maui B wellhead platform in the Maui field following their buy out of their former partner Todd Energy, Shell have now advised that the proposed jackup program, which had been set to start sometime in 2018, has now been postponed indefinitely. Water depths are 110m.
Shell in Malaysia have sent out a pre-qualification to contractors for the provision of a premium 350ft rated jackup for a development drilling campaign in Block E6. Like Premier in Indonesia, the operator wants a jackup for a two part charter, the first for Phase 1 of the development to commence between August and September 2018 and last for 6 months and the second part, for Phase 2 to begin in September 2019 also lasting for 6 months. No rates will be payable between the phases, ie February to September 2019. The rig would drill 3 wells in each phase [...]
Shell are understood to be close to divesting themselves of all of its New Zealand assets including the offshore Maui field in which they hold 83.75% and Pohokura which is 48% owned by Shell. Both fields are offshore Taranaki outside of New Plymouth.
Woodside are seeking to renew their stakes in permits NT-RL-2 and NT-RL-4 for another 5-year term. The current term expires in December. The permits contain the Sunrise and Troubador gas fields. Partners in the two gas fields are Shell, ConocoPhillips and Osaka Gas as well as Woodside.
Following an arbitration award of $255m made to MISC against Shell over their the Gumusat-Kakap floating production semi (FPS) earlier this year, Shell have now filed a counter claim for $583m against MISC maintaining their disagreement with the arbitration decision and seeking a refund of the amount paid as well as alleging defective work and limited functionality on the FPS for which they are claiming liquidated damages. Meanwhile the FPS, built at Malaysian Marine and Heavy Engineering’s yard in Johor, is on a 25 year lease to Shell in the deepwater Gumusat field.
Aban Offshore have won the Brunei Shell 5-year jackup charter. The rig is the Deep Driller 5 which is stacked in India having recently completed a charter there for Cairn. The contract is set to begin in Q4 this year and has 3 years of options which if exercised would keep the rig busy until 2025. The rate is understood by brokers to be below $50,000 although other sources say it is $60,000 but it could be a staggered rate over the 5-year term. There may be more work around for jackups but the rates continue to remain at rock [...]
Shell has extended the submission date for its tender for a mid-water floater to drill one HPHT well with options for three further wells. Water depths are 100-120m and the charter is set to start in May 2018. The firm duration is for 160 days. Shell require a rig with MPD capabilities, a specification that no regional mid water floater, as few as they are, can meet which suggests Shell may use Noble UDW drillship Noble Bully 2 which is currently stacked on contract to Shell in Labuan and is MPD capable. Shell had announced a third jackup requirement back [...]
Shell Malaysia have re-issued their April market survey for a deepwater rig for a 6-well program off Sabah and Sarawak. Originally the program included two wells in Myanmar but these have now been dropped and commencement pushed back to between June and August 2018. The scope of work now includes two exploration wells and four development wells at the Gumusat-Kakap 2 project with a total duration of 266 days. Water depths are 1370-2500m and an MPD equipped DP2 unit is required.
Shell Brunei continues to spit out future potential work for both floaters and jackups. The latest is a survey for a jackup which would be set to begin in Q4 2018 and would be for 40 workovers and 30 plug and abandonments with an expected operational duration between two and three years. A 10k rig with living quarters for 120 people built after 2005 is specified. Shell’s intention is to only use the rig for 4 months in a year over a 5-year period which will be required to operate in water depths between 9-91m. It did not say what [...]
Last month Shell in Brunei had announced they will award their 3-5 year contract for a jackup in early June. This has not yet happened although they have already informed those participants who have not been successful. It has been suggested that the winning rate is below $50,000. The news that Maersk has swapped out its BMC Pacific 375 Maersk Completer for its sister rig Maersk Convincer while the Completer undergoes its 5-year SPS, and the Convincer taking over the remaining contract term of its sister rig, opens up the possibility that the Completer may return to Shell later in [...]
Petronas’ proposed sale of up to a 49% stake in the SK316 gas project offshore Sarawak has now moved into the second round with at least six bidders, including Shell, ExxonMobil, Total, PTTEP and Japanese companies, said to be interested in the stake which has an estimated value of $1bn. Petronas is seeking a partner that can bring the capabilities and technology to explore, develop and efficiently operate the various fields and opportunities in the Block. The sale of a stake in the block has been opposed by the opposition party in Sarawak, supporters of the Prime Minister suggesting the [...]