The KTJ contract covers three firm wells and two options, with a minimum commitment of 140 days. Drilling may start between December 2027 and March 2028, subject to contractual requirements.
The Norwegian appeals court upheld a finding that Seadrill breached its contractual obligations when returning the semi-submersible rig Hercules in 2022, with interest and legal costs increasing the award.
West Carina is due to begin an estimated 880-day drilling programme in the first half of 2027, with priced options for up to 880 more days; the Indonesian operator has not been named.
Transocean reports about $1.1 billion in firm backlog additions as Equinor approves a three-rig agreement and Shell awards Transocean Norge two wells, with an estimated drilling duration of 120 days.
Stena DrillMAX has reportedly departed Las Palmas for Namibia to support Shell’s PEL 39 drilling programme, following the Merlin-1X exploration results in the Orange Basin.
Equinor and partners have discovered up to 10.3 million boe of recoverable gas resources at Gullfaks South in the Norwegian North Sea, using the Askeladden rig to drill an exploration sidetrack.
Valaris has added approximately $220 million in offshore drilling contract backlog, including a PETRONAS exploration program in Suriname and new jack-up contracts and extensions in Australia and the North Sea.
Vaalco Energy has completed Phase 3 drilling offshore Gabon, bringing ETSEM-3H onstream at 2,000 bpd gross. Borr Drilling’s Norve has left the field as Baobab Phase 5 drilling begins offshore Côte d’Ivoire.
Constellation has secured ABS Approval in Principle for its Fuel Processor project under testing aboard Laguna Star and signed an MoU with ABS covering offshore efficiency and emissions technologies.
