Energy Drilling gets first drilling contract in Malaysia as EnQuest awards Seligi job

London-listed EnQuest has hired a tender assist drilling rig owned by Singapore’s Energy Drilling for its drilling operations offshore Malaysia, making this Energy Drilling’s first contract in Malaysia. 

EnQuest’s Malaysian operations include its PM8E Production Sharing Contract, consisting of the PM8 and Seligi fields.

In an operational update on Thursday, EnQuest said that preparations are ongoing for drilling at PM8/Seligi in Malaysia as well as its Magnus field in the UK North Sea. Drilling programs are on schedule to start later this year, EnQuest said.

Energy Drilling received a letter of award on May 15, 201,9 from EnQuest to perform drilling services on the Seligi field offshore Peninsula Malaysia with the TAD EDrill-2, according to Energy Drilling’s recent statement.

The contract calls for two firm wells plus two option wells. EDrill-2 is currently in Kim Heng Shipyard, Singapore and preparations are underway to mobilize the rig in early July.

“The award by EnQuest marks our first entry into Malaysia since the founding of the company,” says Marcus Chew, CEO of Energy Drilling.

EnQuest also said on Thursday that PM8/Seligi performance remains strong, largely reflecting high levels of production efficiency and the ongoing successful idle well restoration program.

As reported earlier today, EnQuest’s production has increased from PM8/Seligi as a result of high production efficiency of over 95% and better than expected performance from the group’s idle well restoration program, which started earlier than planned and has seen five wells restored to production. The company’s planned asset rejuvenation activity is underway and progressing as scheduled.

At PM8/Seligi, where EnQuest has c.20 MMboe of 2P reserves and c.68 MMboe of 2C resources, a large number of low-cost drilling and workover targets have been identified and are being assessed for future development.

When it comes to the rig, built in 2014 by COSCO Guandong Shipyard, the EDrill-2 is a self-erecting, tender assist, drilling rig combining a high specification, lightweight drilling equipment set (DES) with an upsized, deep-draft barge.

The rig has worked continuously for PTTEPI, Myanmar on the Zawtika field since its delivery in December 2015.

It is also worth mentioning that Energy Drilling in April signed a Letter Of Intent to merge with Atlantica Tender Drilling into what is expected to become the second largest tender drilling contractor.

Offshore Energy Today Staff

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