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 [...]
CPOC has now received bids from contractors for its tender for a jackup to conduct the Phase IV development project in Blocks B17 and C-19 in the Joint Development Area between Malaysia and Thailand. The workscope is 30 wells for the firm period scheduled to commence in March or April 2018. The firm duration will be around 18 months with four 3-month options available. Vantage jackup Aquamarine Driller is currently on charter to CPOC until March 2018.
Vantage jackup Topaz Driller completes its charter with Ophir Energy in Thailand this month and will next mobilize to Indonesia for its next contract with PC Indonesia for two development wells in the Ketapang PSC which are expected to take up to 180 days keeping the rig occupied until February next year.
For the three months ended June 30, 2017, Vantage Drilling reported a net loss of $36.6 million on revenues of $53.2 million. That compares to a net loss of $35.7 million on revenues of $48.5 million for the same period in 2016. The company said as of June 30, 2017 that it had approximately $200.9 million of available cash.
Vantage Drilling jackup Topaz Driller is to return to work for PC Indonesia for 2 wells after an award made under a direct appointment. PCI had re-tendered for a jackup for 2 wells in the Ketapang PSC and 1 well in the North Madura II PSC after its first tender failed when less than three bidders had qualified due to its Cabotage requirement. The charter duration is for 6 months and will begin immediately after the rigs current assignment with Ophir in Thailand, either August or September depending on options. The rig, which previously worked for PC Indonesia between 2013 [...]
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 [...]
ONGC India have finally made awards for their two deepwater rigs tender which came out in September last year and have confirmed an award of a 3-year charter to regionally based Vantage UDW drillship Platinum Explorer which has been laid up in Labuan since completing its maiden 5+3 year charter in December 2015 also with ONGC. The rig is likely to mobilize to India in late Q3 and commence drilling in October. It is understood that both Vantage and Petroserv, who won the other contract, have had to agree to meet the rate of $108,000 set by low bidder Seadrill [...]
The refusal of low bidder Seadrill to extend the validity of their bid to ONGC for a DP floater appears to have rendered ONGC into an inert state with no word on whether they will re-tender or invite the third lowest bidder, Universal Services who offered Petroserv semi Louisiana, to match the Seadrill offer. Second lowest bidder for the two rig requirement is Vantage Drilling with UDW drillship Platinum Explorer, currently stacked in Labuan, who has yet to be confirmed a winner. A Seadrill spokesman confirmed the company had pulled out, explaining that there were "delays in the tender process, [...]
Vantage jackup Topaz Driller is drilling ahead on its 3 well charter with Ophir Energy in the Bualuang field offshore Thailand with two development wells and one appraisal well that will keep the rig busy until July unless Ophir exercise their options for two further wells.