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    1. Drilling & Completion

    Contractors staying busy with multiple drillship contracts lined up recently

    Dec. 23, 2024
    Drilling contractors are ending the year strong, inking drillship contracts in the hottest regions around the globe.
    ID 109140249 © Nikkytok | Dreamstime.com
    drillship

    Drilling contractors are ending the year strong, inking drillship contracts in the hottest regions around the globe. Check out the roundup of latest news below.

    Courtesy Noble Corporation LinkedIn
    Noble Globetrotter I drillship
    Noble Globetrotter I drillship

    Noble drillship wins GoM contract

    Noble has secured a new contract for the Noble Globetrotter I drillship in the Gulf of Mexico (GoM). The contract is for one firm well with up to six optional wells comprising a total potential duration of about 200 days. The contract is expected to begin in early January 2025 and has an estimated total contract value of $70 million if all options are exercised. Read more.

    Constellation inks new 3-year drillship contract with Petrobras

    Constellation Oil Services has been awarded a new contract with Petrobras for the deployment of the ultradeepwater Amaralina Star drillship for operations offshore Brazil. This includes remote areas of frontier exploration, such as the Equatorial Margin and Pelotas Basin. The contract value is about $528 million, which includes about $39 million mobilization fee and additional integrated services requested by Petrobras. Read more.

    Seadrill nets long-term deals for two drillships offshore Brazil

    Petrobras has contracted two Seadrill ultradeepwater drillships for long-term programs offshore Brazil. The combined value of the contracts, both with a duration of 1,095 days, is about $1 billion. Read more.

    Transocean secures $111M ultradeepwater drillship contract

    Transocean reported that a four-well option was exercised for the Dhirubhai Deepwater KG1 ultradeepwater drillship with Reliance Industries Ltd. in India. The estimated 270-day program is expected to begin in direct continuation of the rig’s firm term with Reliance and contribute about $111 million in backlog, excluding additional services.

    Noble gets drilling contract extensions offshore Guyana, UK

    ExxonMobil Guyana has extended the contracts for four of Noble Corp.'s drillships operating from second-quarter 2027 to third-quarter 2028, Noble said in a results update. Leading dayrates for tier-1 drillships remain in the mid $400,000s to low $500,000s/d range, the company added. Read more.

    About the Author

    Ariana Hurtado | Editor-in-Chief

    With more than a decade of copy editing, project management and journalism experience, Ariana Hurtado is a seasoned managing editor born and raised in the energy capital of the world—Houston, Texas. She currently serves as editor-in-chief of Offshore magazine, overseeing the editorial team, its content and the brand's growth from a digital perspective. 

    Utilizing her editorial expertise, she manages digital media for the Offshore team. She also helps create and oversee new special industry reports and revolutionizes existing supplements, while also contributing content to Offshore magazine, its newsletters and website as a copy editor and writer. 

    Prior to her current role, she served as Offshore's editor and director of special reports from April 2022 to December 2024.

    Before joining Offshore, she served as senior managing editor of publications with Hart Energy. Prior to her nearly nine years with Hart, she worked on the copy desk as a news editor at the Houston Chronicle.

    She graduated magna cum laude with a bachelor's degree in journalism from the University of Houston.

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    Source Valaris; Courtesy ExxonMobilEgypt LinkedIn
    valaris drillship
    Courtesy COSL
    cosl prospector
    Courtesy "Tower Resources plc Corporate summary June 2024" presentation
    NJOM-3 and Follow-on Wells