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RECENT OFFSHORE RIG ACTIVITY NOTES SAMPLE
Egyptian Drilling jackup Setty (375'-IC) has completed a long-running contract with Total in West Africa. The rig is now stacked at Mandaros. Prior to being released, the rig, a Baker Marine Pacific Class 375 design, was delivered in July 2010 and had worked for Total continuously since July 2011.
Correcting an August 5 RigLogix report, MDW semi Essar Wildcat (1,300') is now not expected to commence its three-year contract with ONGC until late October. The rig is still at the Marine Admiralty yard in Singapore undergoing contract preparation. It was contracted in February at $104,350 per day.
Vantage Drilling reports jackup Emerald Driller (375'-IC) has received an 18-month contract in the Middle East. While the company did not identify the operator, it is believed to be Total Qatar, which has an 18-month requirement in the Al Khalij Field off Qatar. The rig has been idle in Thailand since completing a contract there with Ophir Energy in January. Vantage also did not disclose the day rate for the contract, but based on other rates in the region, something in the $55,000-65,000/day range is likely. The contract also includes three, one-year options that could conceivable keep it busy through March 2021.