Vantage Drilling secures more jack-up rig work

Emerald Driller jack-up rig
Emerald Driller jack-up rig; Source: Vantage Drilling

Offshore drilling contractor Vantage Drilling has secured more work for two of its rigs operating in Indonesia and Qatar.

Emerald Driller jack-up rig; Source: Vantage Drilling

According to Vantage’s fleet status report from 17 September 2020, the Soehanah jack-up rig has won a 35-day well plus mobilisation with a Mubadala Petroleum subsidiary, Pearl Oil (Sebuku) Ltd.

Vantage bought the Soehanah rig and renamed it Pearl Driller back in 2019. The 2007-built rig is operating in Indonesia.

Vantage has not revealed the day rate for the rig, but Bassoe Offshore estimates it to be around $80,000.

The gig is scheduled to start in October and end in November 2020, Bassoe said.

Furthermore, Total has exercised a one-year extension for the jack-up rig Emerald Driller in Qatar.

The Emerald Driller has been working for Total for years now.

After awarding a two-year extension to the rig back in November 2017, Total in October 2019 exercised a one-year option to the existing contract for the Emerald Driller.

This one-year option was scheduled to start in direct continuation during 2Q 2020 and included an additional option year, which has now been exercised.

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Bassoe estimates that the rig’s day rate with Total is around $75,000. The extension starts in July 2021 and ends in July 2022, according to Bassoe.

The Emerald Driller rig, of a Baker Marine Pacific Class 375, was built by PPL Shipyard in 2008.