West Phoenix to Drill in UK and Norway
Statoil and its partners have contracted the West Phoenix rig for exploration drilling on the U.K. and Norwegian continental shelves from the summer of 2018. The contract is awarded to the two Seadrill companies North Atlantic Drilling UK Ltd. and North Atlantic Norway Ltd. The semi-submersible rig West Phoenix will first drill an exploration well for the Ragnfrid North license on the Norwegian Continental Shelf (NCS), followed by three wells on the U.K. Continental Shelf (UKCS). The rig has been approved by authorities for use both on the NCS and UKCS. “We needed a high capacity
Rosneft Expands Deal with North Atlantic Drilling
Russia's top oil producer Rosneft and North Atlantic Drilling have entered into a drilling agreement worth up to $4.25 billion, in line with a previous agreement and despite Western sanctions over Moscow's role in Ukraine. Rosneft said the deal foresaw the employment of six offshore drilling rigs until 2022. North Atlantic Drilling is a subsidiary of Seadrill, the world's largest offshore driller. In a separate statement, North Atlantic Drilling said total revenue potential for the six contracts "exclusive of mobilization" was approximately $4.25 billion. Rosneft has first signed a
IADC Presents Sea Safety Awards
. Merit Awards for outstanding safety performance over a number of years were presented for drilling operations on the Captain (Archer), Kvitebjorn and Oseberg C (KCA Deutag), Noble Hans Deul and Noble Julia Robertson (both Noble Drilling) and West Alpha (North Atlantic Drilling). The Environmental Award went to Stena Drilling and the Associate Member Award was presented to Sodexo. The Chairman’s Special Award, presented to someone who demonstrates strong safety leadership, went to Stuart Hepburn of Archer. The recipient of the Val Hood Award, which
NADL – Seadrill New Partner Talks on Hold
North Atlantic Drilling Ltd. (NADL) and Seadrill Ltd. have been in discussions to bring in a strategic partner as a major owner of NADL, but have not yet been able to find a mutually acceptable solution to all transaction parameters, including treatment of minority shareholders. In view of the commitment NADL has given to its shareholders to list the company, Seadrill has decided to put the current discussions on hold and NADL will proceed with an independent listing on NYSE. NADL expects to file with the SEC during the fourth quarter and proceed with the offering in due course following the SEC
Seadrill Rig Contract Extended
Seadrill - North Atlantic Drilling Ltd. announces extension of Statoil contract for the harsh environment jack-up rig 'West Epsilon'. North Atlantic Drilling Ltd., a majority owned subsidiary of Seadrill Limited, announce that Statoil has exercised its option to extend the contract for the heavy-duty harsh environment jack-up rig West Epsilon by two years from December 2014 to December 2016. The estimated value of the contract extension is US$215 million. Seadrill is a leading offshore deepwater drilling company, operating a versatile fleet of 67 units that comprises drillships, jack-up rigs
February 2024
