Microsites Archives - Drilling Contractor

Vår Energi exercises second option for COSLPioneer semisubmersible

Editorial Assistant — Tue, 05 May 2026 15:14:16 +0000

Vår Energi exercised a second option for COSL Drilling Europe’s semisubmersible COSLPioneer on the Norwegian Continental Shelf. The COSLPioneer is a harsh-environment semisubmersible capable of operating in water depths of up to 750 m. The rig maintains station keeping through an eight-line mooring system or dynamic positioning mode supported by six fixed-pitch, variable-speed thrusters.

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Valaris lands jackup contract awards in Brunei, North Sea and Indonesia

Editorial Assistant — Tue, 05 May 2026 14:57:34 +0000

Valaris secured a 1,064-day extension for drillship VALARIS DS-4 with Petrobras offshore Brazil, with the term set to begin in November 2027 in direct continuation of the rig’s existing program. Among jackup awards, Brunei Shell Petroleum extended jackup VALARIS 115 for two years, with the extension set to begin in April 2027 in direct continuation …

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Indian consortium makes gas and oil discovery in Libya’s Ghadames Basin

Editorial Assistant — Mon, 04 May 2026 14:35:37 +0000

Oil India Limited (OIL) and Indian Oil Corporation (IOCL), as part of an Indian consortium with a combined 25% participating interest, made a gas and oil discovery in onshore exploration Block Area 95/96 in the Ghadames Basin, south-western Libya. The block, covering approximately 6,630 sq km, is operated by SIPEX and carries a commitment of …

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ADES wins two-year jackup contract with Seplat Energy in Nigeria

Editorial Assistant — Mon, 04 May 2026 14:24:30 +0000

ADES Holding secured a two-year offshore drilling contract with Seplat Energy Producing Nigeria Unlimited for the jackup Shelf Drilling Victory, with two optional one-year extensions. The contract, valued at approximately $92.7 million for the firm term including mobilization and demobilization fees, is expected to commence in the second half of 2026 following completion of the …

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Baker Hughes, Halliburton, SLB win Equinor drilling and well services contracts on Norwegian shelf

Editorial Assistant — Mon, 04 May 2026 14:18:11 +0000

Equinor awarded integrated drilling and well services contracts valued at NOK 8.3 billion to Baker Hughes Norge AS, Halliburton AS and SLB Norge AS on the Norwegian Continental Shelf (NCS). The awards represent one-year option exercises under three existing contracts. Equinor also exercised two-year options under 18 corporate framework agreements for specialist services linked to …

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SANAD deploys newbuild rig in Saudi Arabia, reactivates suspended unit

Editorial Assistant — Fri, 01 May 2026 15:09:12 +0000

Nabors’ SANAD land drilling joint venture in Saudi Arabia deployed one newbuild rig during Q1 2026, bringing total newbuild deployments to 15. Four more newbuild rigs are scheduled to enter service in the kingdom during the year. SANAD also reactivated one previously suspended rig during the quarter, with a second resumption scheduled for Q2. In …

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Eni takes FID on deepwater gas projects offshore Indonesia

Editorial Assistant — Fri, 01 May 2026 15:05:05 +0000

Eni took final investment decisions for two deepwater gas projects in the Kutei Basin offshore East Kalimantan, Indonesia, sanctioning both the Gendalo and Gandang gas project and the Geng North and Gehem fields for development. The Gendalo and Gandang project, located in water depths of 1,000 to 1,800 m, calls for the drilling of seven …

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SLB launches AlphaSight geosteering service

Editorial Assistant — Thu, 30 Apr 2026 16:00:08 +0000

SLB launched the AlphaSight logging-while-drilling service, a multi-depth azimuthal resistivity (MDAR) technology platform designed to improve geosteering accuracy and well placement in complex reservoir environments. The service features the industry’s shortest extra-deep azimuthal resistivity sensor, positioned close to the bit with integrated downhole computing. It delivers 3D multi-depth reservoir mapping and a horizontal look-ahead-while-drilling capability, …

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TPAO’s Çağrı Bey arrives offshore Somalia for Curad-1 well

Editorial Assistant — Thu, 30 Apr 2026 14:19:10 +0000

Turkish Petroleum’s Çağrı Bey ultra-deepwater drillship arrived in Somalia to conduct the country’s first offshore drilling operation and TPAO’s first deep-sea drilling campaign outside Turkish waters. The drillship will proceed to the Curad-1 well, located approximately 370 km offshore Mogadishu. The well, whose name means “firstborn” in Somali, targets a water depth of approximately 3,500 …

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UAE announces withdrawal from OPEC

Editorial Assistant — Wed, 29 Apr 2026 15:23:09 +0000

The United Arab Emirates (UAE) announced that it will withdraw from OPEC and the broader OPEC+ alliance effective 1 May, stripping the cartel of its third-largest producer. In a statement, the country’s Ministry of Energy and Infrastructure said that the decision to leave the cartel “followed a comprehensive review of the UAE’s production policy and …

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