VAALCO contracts Borr Drilling rig for 2021/2022 campaign offshore Gabon
The contract provides that the drilling rig can be on location in the Etame Marin block as early as December of this year.
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The contract provides that the drilling rig can be on location in the Etame Marin block as early as December of this year.
Transocean has secured work for its Transocean Barents and Transocean Norge drilling rigs.
The HAKURYU-10 rig will operate in the Al Shaheen oilfield from 2Q22.
Recoverable resources from the discovery in production licence 554 are estimated at between 1.3 and 3.6 million m3 of oil equivalent, corresponding to 8-23 million boe.
The wildcat wells were drilled in production licence 090 in the northern North Sea.
The total estimated value of the contract extension, based on current activity level, is expected to be US$200 million.
Drilling at Longtail-3 offshore Guyana encountered 230 ft (70 m) of net pay, including newly identified, high quality hydrocarbon bearing reservoirs below the original Longtail-1 discovery intervals.
The contract with Chevron is for the ultra-deepwater drillship Valaris Relentless (DS-18), a GustoMSC P10,000 design.
Jabillo-1 is the second of three exploration wells scheduled for drilling on the Canje block in 2021.
The company has reached an agreement with Jurong Shipyard Pte Ltd on the delayed delivery of the ultra-deepwater drillships Deepwater Atlas and Deepwater Titan.
The Maha 2 well in the West Ganal block has been drilled to a depth of 2970 m in 1115 m water depth and encountered 43 m of gas bearing net sands.
Both companies have confirmed their willingness to proceed with joint implementation of exploration and production projects in western Siberia, including the development of the Achimov, Paleozoic and Jurassic hydrocarbon deposits.