Search results for: Sevan Driller

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  • 30 March 2016
    Business & Finance, Exploration & Production

    Sevan Drilling has received an early contract termination from Petrobras for one of its cylindrical drilling rigs in Brazil, rate reduction for another, and a short-term gig for the terminated rig from Shell.   According to the company’s statement on Wednesday, Sevan Drilling amended contracts for the Sevan Driller and Sevan Brasil with Petrobras and […]

  • 25 June 2010
    Project & Tenders

    Sevan Driller commenced operation as from yesterday and the rig is thereby on full day rate. Sevan Driller arrived at its drilling location in the Campos Basin on Wednesday June 16 at 6 am local time. The advanced ultra deepwater drilling rig is capable of drilling at water-depths down to 10,000 ft. Sevan Driller is […]

  • 27 September 2010

    In reference to the announcement made on September 17, 2010, the defects in the riser tensioning systems that caused a stop in the drilling operation on the Sevan Driller have been rectified. The repair work was executed according to plan and Sevan Driller is back in operation and on day rate as from September 26, […]

  • 17 September 2010
    Equipment

    Defects in the riser tensioning systems (DAT cylinders) in the drilling package, have caused a stop in the drilling operation on the Sevan Driller since August 25, 2010. The supplier and the manufacturer of the cylinders have taken corrective actions and are working in close cooperation with Sevan to repair the equipment. During the period […]

  • 5 March 2012
    Business & Finance

    Sevan Drilling ASA, an international drilling contractor specializing in the ultra deepwater (UDW) segment provides fleet update for February 2012. Sevan Driller: Sevan Driller had a technical uptime of 82.3 % in February 2012. The downtime in February is primarily related to an incident with the wash pipe and swivel drive shaftdescribed in a release […]

  • 15 June 2010

    Sevan Driller has left Macae, heading for the drilling location. The advanced deepwater drilling unit is the world’s first cylindrical rig and will be operating in the pre-salt area under a six year drilling contract with Petrobras. Sevan Driller is contracted to Petrobras S.A on a six year contract. Sevan Driller is designed to include […]

  • 23 April 2012
    Business & Finance

    After having pressure tested the BOP, Sevan Driller was back on full day rates at 1.30 am Brazilian time on Sunday, 22 April, 2012.

  • 28 May 2013

    Sevan Drilling, a drilling contractor based in Norway, today announced that its Sevan Driller rig has completed drilling on its present location in Brazil. Upon unlatching the blow-out preventer (“BOP”) a small flow of mud from the well was observed by the remote operating vehicle. The small flow caused by a leak in the casing packoff did […]

  • 11 June 2010
    Business & Finance

    Sevan has been informed that the Sevan Driller has been accepted by Petrobras. The rig will be operating in the pre-salt area offshore Brazil under a fixed six year drilling contract. Sevan Driller is designed to include the most advanced drilling capabilities in the industry and is based on Sevan’s own patented technology. The unit […]

  • 13 July 2010
    Business & Finance

    Sevan Drilling AS, a wholly owned subsidiary of Sevan Marine ASA, has signed a mandate letter and term sheet with DVB Group Merchant Bank (Asia) Pte Ltd and NIBC Bank N.V. for the arrangement of a USD 530 million limited recourse secured term loan facility. The facility will replace the existing debt of the Sevan […]

  • 3 August 2010
    Equipment, Project & Tenders

    Construction of the second cylindrical ultra-deep water Semi-submersible Drilling rig SEVAN DRILLER II, being built for Sevan Marine ASA, is progressing steadily and on schedule in COSCO Nantong Shipyard. The 13.4m stage block erection of the main hull is nearly complete and three levels of the accommodation block have been completed. Work on installation of […]

  • 8 November 2010

    Further to announcement made on November 5, 2010, and following attempts to release the locked ram at the seabed, Sevan has, in accordance with procedures, decided to pull the BOP to the surface for repair of the jammed ram. Preparations for the pulling operations are ongoing. Estimated total downtime since the rig came off hire […]

  • 30 December 2010

    Sevan Marine ASA, on behalf of one of its subsidiaries, has secured commitments, subject to documentation and conditions precedent, for a USD 480 million Senior Debt Project Finance Facility for the Sevan Driller with DVB Group Merchant Bank (Asia) Pte Ltd, NIBC Bank N.V. and ING Bank N.V. as Mandated Lead Arrangers. The facility is […]

  • 28 May 2013
    Business & Finance, Operations & Maintenance, Research & Development

    Sevan Driller has completed drilling on its present location offshore Brazil. Upon unlatching the blow-out preventer (“BOP”) a small flow of mud from the well was observed by the remote operating vehicle. The small flow caused by a leak in the casing packoff did not cause any damage to rig personnel, equipment or environment, and […]

  • 11 November 2010
    Business & Finance

    Operating income for the quarter amounted to USD 73.4 million (USD 58.2 million). EBITDAFX was USD 18.5 million (USD 17.1 million). Operating loss was USD 19.5 million (loss of USD 0.2 million), and net loss was USD 66.4 million (net profit of USD 0.5 million). Operating income was USD 15.2 million higher than previous quarter […]

  • 18 April 2012
    Business & Finance, Equipment

    Sevan Drilling, an international drilling contractor specializing in the ultra deepwater (UDW) segment, has reported that on Friday afternoon, during a routine pressure test of the BOP a leak was found in a control line of Sevan Driller ultra deepwater rig. To replace the control line the BOP has been pulled and repairs are underway. “We […]

  • 5 April 2012
    Business & Finance

    Sevan Drilling ASA, an international drilling contractor specializing in the ultra deepwater (UDW) segment provides fleet update for March 2012. Sevan Driller: Sevan Driller had a technical uptime of 95.6 % in March 2012. Sevan Brasil: Sevan Brasil was loaded onto the heavy-lifter Mighty Servant 1 and left China 7 March. The voyage to Brasil […]

  • 3 January 2013
    Business & Finance, Project & Tenders

    Norwegian drilling contractor, Sevan Drilling, today announced its fleet status update for December 2012. Sevan Driller rig achieved a technical uptime of 92.7% in December 2012. On 29 December Sevan Driller successfully completed the well it was drilling in the Santos basin and moved to Guanabara Bay offshore Rio de Janeiro. As previously announced, Sevan […]

  • 5 November 2010
    Business & Finance

    The Sevan Driller is currently off-hire due to problems with the blow-out preventer (‘BOP’) which started on November 2. During routine testing of the BOP, the locking system of one of the rams jammed in locked position. Sevan Marine is working together with Petrobras and the supplier, Cameron, to find a solution to the problem. […]

  • 22 November 2016
    Business & Finance, Exploration & Production

    Deepwater drilling contractor Sevan Drilling went from black to red during the third quarter of 2016. Looking ahead, Sevan forecasted another challenging year in the offshore drilling business.  The driller on Tuesday posted a net loss of $53.1 million compared to a $26.4 million profit in the same period last year. The company’s operating revenue for […]

  • 27 August 2014

    Sevan Drilling, a Norway-based drilling contractor today said that its ‘Sevan Louisiana’ drilling rig should resume operations during the weekend. The rig, hired by LLOG for work in the U.S. Gulf of Mexico, halted operations earlier this month due to a to a control system leak on the Blowout Preventer (BOP). While the rig, built by Cosco Qidong […]

  • 15 February 2011
    Business & Finance

      Operating revenue for the quarter amounted to USD 74.5 million (USD 73.4 million). EBITDAFX was USD 31.7 million (USD 18.5 million). Operating profit was USD 1.8 million (loss of USD 19.5 million), and net loss was USD 68.6 million (net loss of USD 66.4 million). Operating revenue was USD 1.1 million higher than the […]