Oil rig news

ADC Energy has secured a contract worth more than US$1 million to deliver baseline condition assessments for five vessels for a North American company.

Well-Safe Solutions’ Well-Safe Protector jack-up rig will carry out the plug and abandonment of at least four subsea and 17 platform wells located in Dutch and UK waters.

Tendeka has signed a new multi-year contract extension to exclusively deliver standardised sand-face completion equipment across all Equinor’s assets on the Norwegian Continental Shelf. The agreement will see Tendeka manage the complete supply chain of sand and inflow control equipment through standardisation.

Serica’s net well cost after tax is anticipated to increase by approximately £3 million as a result of the delays and it is now expected that results from the well will be available in December 2022.

The deal is the first scope agreed for the Well-Safe Defender semi-submersible rig, which Well-Safe Solutions purchased in June 2022.

The company will use the funds for the purchase of its third rig.

The new organic and biodegradable lubricant is a safe and efficient alternative to flammable or hazardous solvents and corrosion inhibitors used in umbilicals.

The company has signed contracts for the bareboat charter of two KFELS B Class rigs to be deployed in the Middle East.

The company has formally executed contracts for the Nabors 105AC drill rig to drill the Alkaid #2 well, scheduled to spud in July 2022.

The company has announced that the Fajr-8 development well was tested at a daily rate of 2440 barrels of oil and negligible water. The well encountered 98 feet of high-quality oil pay in sandstone of the Bahariya Formation.