Oil rig news

The drilling of the Muzarabani-1 exploration well will involve the Exalo #202 rig, expected to commence mobilisation to the Cabora Bassa project in May.

The extension covers all the rigs which Archer is currently the incumbent contractor for, which include Statfjord A, B and C, Gullfaks A, B and C, Grane, Njord, Sleipner A, Snorre A and B, and Visund.

The contract supports a 270-day campaign on the installations and will start in March 2022, creating 300 fixed-term positions.

The organisation will provide resident focal points, onshore engineering, process and maintenance services on North Sea platform, Bruce.

Drilling is expected to commence within the next week after allowing for towing and set up.

The 10-year contract comes with options to extend for a further two years and, with those options included, has a total value around US$550 million.

Latest analysis from Westwood Global Energy Group reveals a year-on-year growth for the global offshore rig market at the close of 2021, up 200% from 2020.

The contract is expected to commence in July 2022, with a duration of 21 months.

The Transocean Enabler will drill one carbon injection well and a sidetrack for another carbon injection well drilled early 2020 in support of the Northern Lights Carbon Capture Storage Project.

Valaris has been awarded two one-well contracts by Murphy Oil Corp. for semisubmersible VALARIS DPS-5.