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water depths

Oil & Gas

Total beats Pazflor schedule

TOTAL has started production from the Pazflor field offshore Angola, ahead of the initial start-up schedule. Pazflor, 150km off Luanda in water depths ranging from 600-1,200m, has estimated proven and probable reserves of 590million barrels of oil.

Oil & Gas

IADC calls for ban to be lifted in shallow GoM waters

THE International Association of Drilling Contractors (IADC) wants a reprieve for drilling operations in the shallow waters of the US Gulf of Mexico. All new drilling in the US Gulf is under a Washington interdiction scheduled to last several weeks due to concerns about why the rig, Deepwater Horizon, caught fire and sank following a drilling-related incident on a BP-operated exploration well.

Oil & Gas

First launch of $800m rig series

WHILE most new drilling tonnage is built in East Asia, the US continues to build, too. The first of four $200million Rowan EXL Super 116E jack-up drilling rigs has just kissed the water for the first time at the Keppel AmFELS Yard in Brownsville, Texas.

Oil & Gas

Caspian gets new drilling capacity

NATIONAL Iranian Oil Company (NIOC) has launched its home-built semi-submersible drilling rig, Iran Alborz, at the Sadra Shipyard in Nekkairan, on the Caspian Sea coast. NIOC claimed the rig cost just $80million to build, but that, had it been built abroad, the cost could have been as high as $450million.

Oil & Gas

Joint venture

Odfjell Drilling of Norway and Metro Exploration (Th. Angellopoulos Group) have teamed up in a joint venture to own a pair of two ultra-deepwater drillships to be delivered from Hyundai Heavy Industries, South Korea, during Q1 and Q2 2011. The drillships are of Gusto design, and will be equipped for operations in water depths to 3,000m (10,000ft), but are designed to be upgraded for operations in waters as deep as 4,000m. Metro Exploration will retain 60% ownership in the vessels ordered earlier this year from HHI, and Odfjell Drilling will take a 40% stake and be responsible for the construction supervision, marketing and operation of the vessels.

Oil & Gas

Brazil’s Petrobras gobbles up yet more drilling capacity

BRAZIL'S Petrobras has booked 22 years' worth of work with Transocean that will soak up four of the US group's rigs and bring in revenues estimated at some $3billion. And it has won a further $1billion of work in the US Gulf of Mexico. Rigs to go on long-term hire to Petrobras are the Sedco 707, Sedco 710, Deepwater Navigator and Transocean Driller.