Oil rig news

Terry Childs, Head of Riglogix, provides an overview of the Gulf of Mexico jackup market.

It will be the first major rig refurbishment completed at HENDERSON’s new service centre and rig yard at 6750 Bender Road in Houston, Texas.

Stena Drilling has teamed up with advanced simulator developer and manufacturer, Drilling Systems to combine competency assessment and coaching in-the-field with the On-The-Rig (OTR) simulator.

Since the previous report, the company has added approximately US$405 million in contract backlog.

Maersk Drilling has been awarded contract extensions for the high-efficiency jack-up rigs Maersk Resolute and Maersk Resolve by Petrogas E&P Netherlands B.V. and Wintershall Noordzee B.V., respectively.

First local Jack Up rig to be used for natural gas drilling campaign.

The capital expenditures for the project are estimated at NOK 7.8 billion, helping extend the productive life of the Troll field beyond 2050.

The contract covers the Engineering, Procurement and Construction of subsea equipment including 9 subsea tree units as well as wellheads, subsea control systems, connection systems and associated equipment.

The contract is for the provision of platform drilling services and has an initial term of 3 years with an option to extend by a further two years.

Marketed utilisation rates would also rebound to 89% by 2020, surpassing rates seen during the heydays before the downturn.