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Vietsovpetro (VSP) took delivery of newbuild jackup Tam Dao 5 (400'-IC) from PV Shipyard in Vietnam on August 12. The rig is now expected to remain in the yard for a short period while waiting on orders from VSP. The jackup is an F&G JU-2000E design and is the second built for VSP by PV Shipyard. The Tam Dao 3 (300'-IC) was delivered in 2012.

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Apache North Sea and Awilco Drilling are in disagreement regarding a period of standby for the MDW semi WilPhoenix (1,200') prior to mobilization back to the operators drilling location at Storr in the UK North Sea in June 2016. The drilling contractor believes the rig was on standby rate of $22.8 million, but Apache does not agree that the rig was ready to drill nor that Awilco is entitled to standby rate for this period.

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Independent Oil & Gas has drilled the Skipper appraisal well in Block 9/21a of the Northern North Sea using MDW semi Sedco 704 (1,000'), and has successfully recovered good quality reservoir oil samples. The operator believes this will allow for the optimization of the Skipper field development plan, which is still subject to funding, IOG board and regulatory approvals. Meanwhile, the oil viscosity appears to be better than previously thought, which will mean that fewer wells will be required to be drilled during the development, reducing costs. The well was drilled to a total depth of 3,860' and the next step and the next step of the current well program is to drill the exploration prospects in the Lower Dornoch and the Maureen formations beneath the Skipper oil field. Results are expected to be available before the end of August. The Sedco 704 will be moved to warm stack following this contract.