Esgian: Innovative Contracts and Platform Movements Worldwide

Written by Paulo Nogueira

Published on 29/12/2023 at 09:21

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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.

ARTICLE CONTINUES BELOW

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.

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Esgian: Innovative Contracts and Platform Movements Worldwide

The Summary of Week 52 Highlights New Developments for the Semi-Submersible Dolphin Drilling and Seadrill Drillships.

Contracts and Bids in the Oil and Gas Sector

Rig Move and Platform Transition

Contract Dispute and Legal Action

A village with 115 inhabitants wants new residents: it offers a house, a job, up to 44 thousand euros in benefits, almost free rent, an annual grant of 8 thousand euros for 3 years, and a 20 thousand euro incentive for businesses in the mountains of Italy.

NASA is offering US$ 750,000 to people from anywhere in the world who solve a problem that could decide survival on Mars: creating food for astronauts without relying on resupply from Earth.

Elon Musk’s internet comes to mobile: Starlink technology connects smartphones without an antenna via satellite, works even without carrier signal, already costs just US$10 extra in the US, and could arrive in Brazil as an included benefit.

While countries spend billions to draw water from the sea, a Nobel-winning scientist creates a container-sized machine that extracts up to 1,000 liters per day from dry air and uses ultrasound to release water in minutes, even in the middle of the desert.

After 16 years and almost 600 prototypes, a Chinese inventor unveils the world’s smallest and cheapest manned jet, at just 3.80 meters long and costing US$7.2 thousand in materials.

Belgium will sink 23 giant concrete caissons, each weighing 22,000 tons, in the North Sea to build the world’s first artificial energy island 45 km off the coast, forming offshore electrical walls.

With a wingspan of 152 meters, 76 tires, and a capacity to carry 1,270 tons, the Boeing Pelican was the giant “flying ship” that promised to cross oceans close to the water on an invisible air cushion beneath its wings.

Car dealerships avoid these used cars like they’re bombs: famous engines, problematic belts, and expensive transmissions can turn a common purchase into a huge loss in the USA.

Germany installed vertical solar panels on a lake in Bavaria, and the result broke conventional logic: instead of producing energy at midday peak, the plant generates more early in the morning and in the evening, exactly when families turn on appliances and factories are in full swing.

More than 160 million gallons of water, equivalent to 240 Olympic swimming pools, need to be pumped to remove a 100,000-ton nuclear aircraft carrier from dry dock; each of these ships undergoes a complete overhaul costing US$2.8 billion.

With installments starting from R$ 999 per month, a 75 hp 1.0 engine, a 7-inch TFT digital panel, and standard stability control, the Citroën C3 is the cheapest hatchback in Brazil in 2026 and still leaves Kwid, Argo, and Mobi behind in onboard technology.

How the US Army’s light armored vehicle mounts an anti-drone shield with radar, electronic warfare, a 30mm cannon, and interceptors capable of paralyzing entire swarms in the air

Esgian: Innovative Contracts and Platform Movements Worldwide

The Summary of Week 52 Highlights New Developments for the Semi-Submersible Dolphin Drilling and Seadrill Drillships.

Contracts and Bids in the Oil and Gas Sector

Rig Move and Platform Transition

Contract Dispute and Legal Action

A village with 115 inhabitants wants new residents: it offers a house, a job, up to 44 thousand euros in benefits, almost free rent, an annual grant of 8 thousand euros for 3 years, and a 20 thousand euro incentive for businesses in the mountains of Italy.

NASA is offering US$ 750,000 to people from anywhere in the world who solve a problem that could decide survival on Mars: creating food for astronauts without relying on resupply from Earth.

Elon Musk’s internet comes to mobile: Starlink technology connects smartphones without an antenna via satellite, works even without carrier signal, already costs just US$10 extra in the US, and could arrive in Brazil as an included benefit.

While countries spend billions to draw water from the sea, a Nobel-winning scientist creates a container-sized machine that extracts up to 1,000 liters per day from dry air and uses ultrasound to release water in minutes, even in the middle of the desert.

After 16 years and almost 600 prototypes, a Chinese inventor unveils the world’s smallest and cheapest manned jet, at just 3.80 meters long and costing US$7.2 thousand in materials.

Belgium will sink 23 giant concrete caissons, each weighing 22,000 tons, in the North Sea to build the world’s first artificial energy island 45 km off the coast, forming offshore electrical walls.

With a wingspan of 152 meters, 76 tires, and a capacity to carry 1,270 tons, the Boeing Pelican was the giant “flying ship” that promised to cross oceans close to the water on an invisible air cushion beneath its wings.

A 45 km² oil slick appears in satellite images near Kharg Island, an area that accounts for 90% of Iran’s oil exports.

While Petrobras operates at 7,000 meters in the pre-salt layer, China is extracting oil and gas at 10,910 meters onshore — Shenditake 1 is the world’s first onshore well to exceed 10 km.

Brazil discovers natural hydrogen in four states and enters the silent race that could redraw the energy transition: Petrobras has already invested R$ 20 million in studies.

Trump promises transparency in Venezuela’s oil, but secret deals and corruption allegations continue to surround the billion-dollar sector.

Oil near US$100 raises tension on Wall Street and amplifies global fear about inflation, energy, and the Middle East crisis

Car dealerships avoid these used cars like they’re bombs: famous engines, problematic belts, and expensive transmissions can turn a common purchase into a huge loss in the USA.

Germany installed vertical solar panels on a lake in Bavaria, and the result broke conventional logic: instead of producing energy at midday peak, the plant generates more early in the morning and in the evening, exactly when families turn on appliances and factories are in full swing.

More than 160 million gallons of water, equivalent to 240 Olympic swimming pools, need to be pumped to remove a 100,000-ton nuclear aircraft carrier from dry dock; each of these ships undergoes a complete overhaul costing US$2.8 billion.

With installments starting from R$ 999 per month, a 75 hp 1.0 engine, a 7-inch TFT digital panel, and standard stability control, the Citroën C3 is the cheapest hatchback in Brazil in 2026 and still leaves Kwid, Argo, and Mobi behind in onboard technology.

How the US Army’s light armored vehicle mounts an anti-drone shield with radar, electronic warfare, a 30mm cannon, and interceptors capable of paralyzing entire swarms in the air