Seadrill Ltd. was awarded approximately $97.5 million in rig contracts for its West Vela and West Capella drillships, the company announced Jan. 29.
Talos Production Inc. awarded the West Vela an approximately $73.5 million contract in the U.S. Gulf of Mexico. Work on the West Vela will begin in the third quarter of 2024 and is expected to last 150 days.
An unnamed operator of the West Capella exercised a one-well option with the existing third- party manager of the drillship, extending its operations by approximately two months. The contract, with an approximate value of $24 million, is a direct continuation of the rig’s current program.
Seadrill has also been advised by the current manager of their West Auriga rig that due to changes in their client’s drilling sequence, the rig will be released in February 2024. Seadrill states it can now resume management of the rig in the first quarter of 2024, accelerating preparation for its previously announced contract in Brazil beginning in the second half of 2024.
Recommended Reading
Williams Cos. Blasts Energy Transfer’s FERC Filing
2024-05-15 - In response to Energy Transfer, Williams says the rival’s action is “lawfare” to delay the company’s Louisiana Energy Gateway project.
National Petroleum Council: A Realistic Path to Scaling US Hydrogen
2024-05-15 - A report by the National Petroleum Council, the culmination of about 18 months of work, offered 23 recommendations to help the hydrogen industry grow through 2050.
BP CEO: Final Permian Processing Facility to Come Online by Mid-year
2024-05-14 - BPX Energy, BP’s Houston-based subsidiary, plans to bring on its fourth and last Permian Basin processing facility in mid-year 2025, CEO Murray Auchincloss said.
US Hits China with Huge Tariff Hikes on Solar Cells, EVs, Batteries
2024-05-14 - The directive quadruples the tariff rate on electric vehicles from 25% to 100%, and the tariff rate for solar cells doubles to 50%.
US Republican Attorneys General Sue to Stop EPA's Carbon Rule
2024-05-09 - The rule, finalized by President Joe Biden's administration last month as part of an effort to combat climate change, was challenged in three lawsuits filed in the U.S. Court of Appeals for the District of Columbia Circuit.