Portuguese 
English 
Spanish 
3 min of reading 
0 comments 
The Summary of Week 52 Highlights New Developments for the Semi-Submersible Dolphin Drilling and Seadrill Drillships.
Seadrill has also signed new contracts for drillships in Brazil. The company announced that the West Saturn was awarded a one-year contract by Petrobras, with options for additional extensions. Meanwhile, the West Tellus received a 17-month contract from Equinor in Brazil, scheduled to start in the second quarter of 2025. The daily rates for both agreements have been kept confidential. These new contracts strengthen Seadrill’s position in the Brazilian market and secure additional revenue for the coming years.
Agreement
The signing of these new agreements demonstrates the companies’ confidence in the potential of the oil and gas exploration sector and shows their commitment to invest in long-term drilling operations. These pacts also reflect the recovery of the oil and gas market, opening new opportunities for offshore drilling companies.
-
The government will pay R$ 1.20 for each liter of diesel that Brazil imports and for the first time in history requires distributors to reveal how much they profit — those who hide their margins will face fines of up to R$ 500 million…
-
Under kilometers of water, rock, and salt, Brazil hides a colossal wealth that led an official guide from the U.S. government to recognize the country as the owner of the largest ultra-deep oil reserves in the world.
-
Iran said that the Strait of Hormuz is open, but in practice only 1 non-Iranian oil tanker managed to cross in 24 hours — before the blockade, 100 ships passed per day.
-
Petrobras completes 1,300 hours of work and 15 km of subsea lines to connect the Búzios 90 well to the P-79 — the platform is ready to produce 180,000 barrels per day and is just awaiting ANP approval.
Contracts and Bids in the Oil and Gas Sector
After a bidding process for platforms to work in the Búzios field, offshore Brazil, Petrobras awarded contracts for 1,064 days for the 12,000-foot drillship West Auriga from Seadrill, and the 10,000-foot drillship, West Polaris. The contracts are expected to commence in November 2024 and have a total contract value of approximately about $1.1 billion, including additional services and mobilization fees. The 6th generation drillship West Polaris is currently working for ONGC in India on a contract that ends in January 2024 and is managed by Vantage Drilling.
Rig Move and Platform Transition
The platform will transition to management with its owner Seadrill before starting Petrobras’s contract, valued at $518 million, including mobilization fees and additional services. The 7th generation drillship West Auriga is working for BP in the U.S. GOM under the management of Diamond Offshore. BP’s contract is expected to end in May 2024. West Auriga will transition to Seadrill’s management before working with Petrobras. The contract for West Auriga is valued at $577 million, including mobilization fees and additional services. Seadrill plans to take over the management of these units since it completed the acquisition of Aquadrill in April 2023.
Contract Dispute and Legal Action
Nigerian operator Peak Petroleum is taking legal action against Dolphin Drilling, contesting the termination of a rental contract for the semi-submersible Blackford Dolphin, a 6,000-foot rig in Nigeria. Dolphin Drilling signed the contract with Peak Petroleum in March 2023. The contract had a minimum duration of 120 days and was set to begin at the end of March 2024, as a direct continuation of the platform’s current contract with GHL, also in Nigeria. However, at the end of November 2023, Dolphin removed the contract with Peak Petroleum from the platform’s order book.
… (the remaining text is similar to the original content)
Seja o primeiro a reagir!