As a result of the acquisition, Transocean will own eight of the world’s ultra-deepwater drillships. The Deepwater Aquila can operate in water depths of up to 12,000 feet (3,657 metres).
Rigs & Vessels
The $9 billion project would aim to produce these fields, through subsea wells, to an FPSO. The facility would be around 150 km off the Suriname coast, with the reserves in water depths ranging from 100 to 1,000 metres.
The FPU would follow the same model as the Vito and Whale facilities, with Seatrium involved in both.
Equinor shelved its ambitious Bay du Nord development plans in May. However, the company is continuing to pursue exploration in the area.
There were a number of near misses on Hebron in 2021. Incidents included injuries on the facility and a support vessel.
TechnipFMC’s Deep Energy vessel is assisting in search efforts for a submarine which went missing on an expedition to explore the wreck of the Titanic off the Canadian coast.
Pemex discovered Trion in 2012. The Mexican company brought BHP Billiton in to the plan in 2016 in order to help develop the field. Now, the companies have drilled six wells on the field. Woodside bought BHP in 2022.
The Skandi Buzios has been involved in a fire while docked at a Brazilian port, according to local news agencies.
“The successful commissioning of the Enping 15-1 oilfield CCS demonstration project will strongly support the company’s efforts in increasing reserves and production and pursuing green and low-carbon development,” said CEO Zhou Xinhuai.
Perenco bought a 100% stake in the Pargo, Carapeba and Vermelho fields from Petrobras. After adjustments, Perenco paid $398 million for the assets offshore Rio de Janeiro state. It also took over the decommissioning liability.
The Ocean Patriot, released early from its Apache North Sea contract, is off to work for Repsol Sinopec.
SBM said it would operate the units via an Integrated Operation Model. This will involve seconding ExxonMobil Guyana employees to some onshore and offshore positions.
Six FPSOs could be producing on Stabroek by the end of 2027, with capacity of more than 1.2 million bpd. The number of FPSOs could rise to 10, aiming to produce the more than 11 billion barrels.
Oil production has successfully got begun at BP’s (LON: BP) Argos platform, the oil giant’s fifth in the Gulf of Mexico.
Seadrill’s (NYSE: SDRL) chief executive is bullish about the company’s future after a period of “strategic repositioning”, in which it emerged from Chapter 11 bankruptcy.
The service company noted the importance of tackling carbon emissions. It said it would help develop “one of the lowest carbon emitting” FPSOs in the world.
“We regret that we could not complete the merger as envisaged in July 2022, as that would have created the by far largest publicly listed tanker company,” said Frontline CEO Lars Barstad.
Transocean (NYSE: RIG) has unveiled a pair of UK North Sea contract wins as part of a clutch of global awards worth $488m.
The US Coast Guard suspended its search for four passengers on a downed helicopter on December 29.
Transocean ordered the two drillships in February 2014, agreeing to pay $540 million for each of the vessels. Sembcorp said it would deliver the rigs in 2017 and 2018.
Drillships are driving the recovery in the deepwater market, according to a leading rig analyst, with contractors moving to procure new or stranded units as day rates continue to rise.
ExxonMobil has scored another two finds offshore Guyana its incredibly prolific Stabroek block.
Sembcorp Marine (SGX: S51) has landed a $3 billion contract for a newbuild FPSO for Petrobras.
It could soon cost half a million dollars a day to hire an offshore rig, according to executives in the industry, in a stunning turnaround for day rates since Covid.