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Noble and Petronas strike a rig swap cut price offshore Suriname

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Home Fossil Energy Noble and Petronas strike a rig swap cut price offshore Suriname

January 5, 2024,
by

Melisa Cavcic

Offshore drilling contractor Noble Company has labored out the small print for a rig swap offshore Suriname with Petronas Suriname E&P, a subsidiary of Malaysia’s power large Petronas.

Noble Voyager drillship; Supply: Noble Company

The 2 agreed that the drilling of 1 effectively in Block 52 offshore Suriname might be undertaken by the seventh-generation Noble Voyager drillship, primarily based on an current contract possibility. Noble explains that the work scope has been transferred to the 2015-built Noble Voyager rig from the Noble Discoverer semi-submersible rig, which was beforehand picked for the project. 

Blake Denton, Noble’s SVP of Advertising & Contracts, commented: “We’re more than happy to proceed our partnership and collaboration with Petronas in Suriname with this extension and settlement to switch the work scope to the Noble Voyager. This would be the third of our rigs to work in Block 52 and we sit up for getting the Voyager again in motion in early 2024.”

This contract extension is anticipated to start out in February 2024, with an estimated length of 120 days and a day price of $470,000. The duo has additional agreed so as to add a brand new one-well choice to the contract. The Noble Voyager rig just lately accomplished a contract offshore Mauritania with Shell.

The drillship has now moved to Port of Spain, Trinidad and Tobago, to embark on preparations for its job with Petronas. The Noble Voyager drillship is of a Samsung 96K design and might accommodate 230 folks. This rig can function in water depths of as much as 12,000 ft and its most drilling depth is 40,000 ft.

This rig swap deal comes days after Noble Company received its fingers on more work for one in every of its semi-submersible rigs offshore Colombia, South America. After reviewing the available day rate information inside the offshore drilling participant’s most up-to-date fleet standing report, Offshore Vitality got here to the conclusion that the Noble Valiant drillship, which is working within the U.S. Gulf of Mexico, was the corporate’s highest-paid rig in 2H 2023.

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Nonetheless, Transocean earned the highest spot because the highest-paid offshore drilling contractor whereas its Deepwater Proteus drillship was the highest-paid rig in 2H 2023 not simply within the firm’s fleet but in addition in comparison with the obtainable day charges rigs from Noble and Valaris have tucked below their belts.

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