Songa Offshore said It has no plans to scrap some of its rigs, three of which are among the oldest on the continental shelf.
Songa Offshore said one of its rigs is currently being repaired after a blowout preventer equipment failure while final tests were being carried out on location at Statoil’s Troll field. The company said all required spare parts are on the Songa Endurance ready to resolve the incident.
Songa Offshore said its contract with Statoil for the Songa Trym in the North Sea will be suspended from next month. The company said the rig will be put on a suspension rate of $238 per day after completing the Tarvos well. Work with the Norwegian player is expected to resume next year.
Statoil's latest North Sea wildcat well has come up dry.
Statoil is preparing to drill two UKCS wells in the Spring . . . one in the Catcher area of the Central North Sea and the other in the Northern North Sea immediately to the west of the company’s Mariner field. The Catcher prospect, known as Wall, is a sizeable target which, if the pre-drill estimate is achieved, could be the herald of a standalone development. The Mariner area prospect is known as Boatswain and could add around 40million barrels of recoverable oil (median case), so enhancing the economics of the current Mariner development. Moreover, it could open up a fairway to the west and offer the potential for further reserves upgrades.
Statoil will resume its use of the Songa Trym rig next year after a temporary suspension. The company had issued a postponement period for a number of contracts due to higher costs and low profitability. The Songa Trym is now expected to resume operations in January.
Statoil has extended the suspension period for a number of rigs due to overcapacity in its portfolio. The Norwegian company said it meant the the COSL Pioneer, Scarabeo 5 and Songa Trym postponement period would now be longer. The rigs were initially suspended until the end of the year.