Ventura Offshore will manage Deep Value Driller and has signed an Indonesia drilling contract with PETRONAS carrying an estimated value of approximately $58 million.
Saipem has secured a $1.8 billion EPCI contract in the Middle East covering offshore and subsea facilities, with the client and project details undisclosed.
The first 1,000 t offshore jacket for bp’s Tangguh UCC Project has reached Fakfak after a 5,800 km voyage from Karimun Yard, clearing the way for offshore installation work.
Petronas Carigali has negotiated a 10-year extension for the Ratu Nusantara FPSO at Indonesia’s Bukit Tua oilfield, keeping the production vessel in operation until 2036.
Ventura Offshore has secured additional work for the SSV Catarina in Indonesia after an option exercise by Eni Muara Bakau B.V. The award is expected to keep the rig working through Q4 2026 while increasing the company’s firm backlog by about $25.1 million.
Saipem has secured an EPCI contract worth approximately $2 billion for its share of the Kutei FPSO project in East Kalimantan, Indonesia. The project is expected to be completed over 48 months.
BP has signed three offshore PSCs in Indonesia, adding Bintuni, Drawa and Barong interests as partners target future natural gas and LNG opportunities.
Timas Suplindo has secured the SURF EPCI contract for the Mako gas project offshore Indonesia, covering engineering, procurement, fabrication, installation and pre-commissioning work.
Lion Energy has awarded the SCD-20 rig to Silver City Drilling for the Bula Karang-1 well in Indonesia’s East Seram PSC, with spud expected in mid-2026.
