Total’s West African rig-signing spree continued with the French operator contracting Ensco’s newbuild drillship Ensco DS-8 for a long-term program offshore Angola.
The DP3 drillship is under construction at Samsung in South Korea, with Total signing it in a 5-year deal. It is the fourth Ensco drillship contracted by the French operator.
Ensco said the contract adds about US $1.2 billion to its revenue backlog, with the unit expected to start operations offshore Angola in third-quarter 2015 upon completion of mobilization and testing.
The initial dayrate is put in the “high $610,000s” according to Ensco’s latest fleet update, with periodic rate increases to result in rates averaging about $650,000 over the whole drilling program. There will also be a mobilization fee of about $26 million.
Recommended Reading
Sangomar FPSO Arrives Offshore Senegal
2024-02-13 - Woodside’s Sangomar Field on track to start production in mid-2024.
NAPE: Chevron’s Chris Powers Talks Traditional Oil, Gas Role in CCUS
2024-02-12 - Policy, innovation and partnership are among the areas needed to help grow the emerging CCUS sector, a Chevron executive said.
CNOOC Makes 100 MMton Oilfield Discovery in Bohai Sea
2024-03-18 - CNOOC said the Qinhuangdao 27-3 oilfield has been tested to produce approximately 742 bbl/d of oil from a single well.
TPH: Lower 48 to Shed Rigs Through 3Q Before Gas Plays Rebound
2024-03-13 - TPH&Co. analysis shows the Permian Basin will lose rigs near term, but as activity in gassy plays ticks up later this year, the Permian may be headed towards muted activity into 2025.
Proven Volumes at Aramco’s Jafurah Field Jump on New Booking Approach
2024-02-27 - Aramco’s addition of 15 Tcf of gas and 2 Bbbl of condensate brings Jafurah’s proven reserves up to 229 Tcf of gas and 75 Bbbl of condensate.