A joint venture between a Russian and Norwegian oil company, Rosneft and Statoil, has started drilling the exploration well in the Sea of Okhotsk. The Sea of Okhotsk lies south of the Arctic zone boundary and the sea depth on the drilling site is less than 150 m. The signal to begin drilling was giv
Malaysia’s UMW Offshore Drilling has received a conditional Letter of Award from Petronas Carigali Sdn. Bhd. (PCSB) for a contract for the provision of a jack-up drilling rig. The UMW Naga 6 jack-up rig has been selected for the job. The contract duration has been set to two years plus one-year exte
Norwegian oil major Statoil has marked thirty years of production from the Heimdal field located in Block 25/4 of the Norwegian North Sea, at the far north-west edge of the Utsira Formation. The Heimdal field was discovered in 1972. Development was approved in 1981 and production started in 1986. Th
Offshore drilling contractor COSL Drilling has been hit by a safety order from the Norwegian offshore safety watchdog, the Petroleum Safety Authority (PSA), following a fatal incident on board one of COSL’s rigs at the end of 2015. The offshore safety agency gave COSL Drilling Europe the order follo
The rig dispute between the offshore drilling contractor Songa Offshore and the South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) is yet to be resolved. The dispute between the pair remains unresolved even after the delivery of all four Cat D rigs, that Songa ordered from DSME
After Statoil encountered mixed results in two North Sea wells, the Norwegian Petroleum Directorate (NPD) has granted the oil company a drilling permit for another three wells located offshore Norway. The three wells, 30/11-14, 30/11-14 A and 30/11-14 B, will be drilled from the Songa Delta drilling
Singapore’s Sembcorp Marine has delivered the Maersk Highlander jack-up rig to the Danish drilling contractor Maersk Drilling. The rig had originally been ordered by Hercules Offshore, which last week agreed to a deal with Maersk Drilling, whereby Maersk Drilling would pay the last installment for t
Maersk Drilling’s 2008-built jack-up drilling rig has arrived in Danish Port of Esbjerg for service and maintenance. The port said via social media on Friday that the Maersk Resolute had arrived at the Port of Esbjerg after completing a job on the oilfield South Arne in the Danish North Sea, approxi
Norwegian oil company Statoil is in the process of concluding the drilling of a wildcat and an appraisal well offshore Norway that resulted in a minor oil discovery and a dry well. The wells are located in production licence 035 in the North Sea, offshore Norway, where Statoil is the operator. The o
Australian oil and gas company Santos has observed oil shows in the AAL-4X appraisal well at the Northwest Natuna production sharing contract (PSC), offshore Indonesia. The appraisal well was spud on May 14, 2016. Santos is the operator of the Northwest Natuna PSC with 50% interest. According to AWE
Hercules Offshore, a struggling drilling contractor which recently emerged from bankruptcy, has reached a restructuring deal with lenders and said it would start the sale of its assets. The company today said that it has entered into a Restructuring Support Agreement (“RSA”) with lenders holding app
Big news from Russia. According to a report, a Russian shipyard has scored a mega deal to build offshore drilling rigs for the Iranian oil and gas industry. According to this week’s report by Reuters, Russian shipyard Krasnye Barrikady has secured a contract to construct five offshore drilling rigs,
Thai-based offshore contractor Mermaid Maritime has deferred the deliveries of two rigs and one subsea vessel, to get more time to find work for these assets. The company ordered the MTR-3 and MTR-4 tender rigs and the subsea construction vessel Mermaid Ausana back in 2014. In a statement on Friday,
Norwegian oil company Det norske oljeselskap has completed the drilling of two appraisal wells in the Ivar Aasen field area, with mixed results. According to the Norwegian Petroleum Directorate, the company drilled the wells in the 001 B to delineate the West Cable (16/1-7) discovery made in 2004. T
