RigCo will fund the work from existing cash. The drillship and jack-up are expected in 2027 and 2028, respectively, while construction plans for the two semi-submersibles remain under assessment.
Borr Drilling confirmed 110 people were safe as air and sea searches continued. BW Energy said no damage or harmful discharge had been reported at MaBoMo, where production was shut down for drilling preparations.
Seaway Falcon has transported PV DRILLING X from Namibia to Vietnam, completing a 7,261-nautical-mile voyage. The jack-up rig will undergo further recommissioning ahead of planned commercial operations in Q2 2027.
Saipem and MDC will consider joint ventures, consortia and project-specific agreements, while a joint committee coordinates cooperation that could include training, asset management and project support.
Transocean secured US Gulf drillship contracts expected to add $550 million in firm backlog. Deepwater Proteus and Deepwater Conqueror are scheduled to start new drilling campaigns in 2027.
The four-well MaBoMo Phase 2 campaign will target the Hibiscus and Hibiscus South fields, with first production expected in early 2027. Appraisal results could support a fifth well targeting additional oil reserves.
Odfjell Drilling says the additional wells will follow the rig’s existing assignment at previously agreed rates. Equinor retains priced options for two more wells beyond the latest extension.
Ocean Oilfield is seeking new drilling work for the jack-up, which arrived in Malta on 13 October 2026. Immediate deployment remains dependent on commercial arrangements and operating requirements.
A 15-day waiting period will begin when Brazil publishes the CADE decision. Transocean and Valaris plan shareholder meetings for 24 November and continue to expect completion in the fourth quarter.
