Afrigather
October 4, 2023,
by
Melisa Cavcic
Offshore drilling contractor Borr Drilling has supplied a contracting exercise replace for 5 rigs in its fleet. One among these rigs continues to be awaiting the affirmation of a brand new contract, one other one has already kicked off its new task whereas two models are making ready for his or her new jobs. The remaining rig will transfer to its new gig after finishing its ongoing work.
In keeping with the rig proprietor, the Idun premium jack-up rig obtained a letter of intent (LOI) in September 2023 for a 24-month program in Southeast Asia, beginning in January 2024. The corporate expects this LOI to be transformed right into a agency contract this month. The contract worth for this award is anticipated to be round $124 million. The 2013-built Idun jack-up rig is of Keppel FELS Tremendous B Bigfoot Class design and might accommodate 150 folks. With a most drilling depth of 35,000 ft, it will possibly perform operations in water depths of as much as 350 ft.
Moreover, the Arabia III premium jack-up rig started its five-year firm contract with Aramco in August 2023 forward of schedule, persevering with the observe file of the Arabia I and Arabia II rigs, which launched into their respective three-year contracts with the Saudi power big in 4Q 2022. The 2013-built Arabia III, former Frigg, jack-up rig is of KFELS Tremendous A Class design and might function in water depths of as much as 400 ft. The rig’s most drilling depth is 35,000 ft.
Alternatively, the Hild premium jack-up rig accomplished its transit to Mexico two months in the past and is present process closing preparations forward of its maiden contract with Fieldwood, which is because of start in mid-October. The 2020-built Hild jack-up rig is of Keppel FELS Tremendous B Class design and might accommodate 150 folks. Constructed at Keppel Fels in Singapore, the rig is able to working in water depths of as much as 400 ft and its most drilling depth is 35,000 ft.
At the moment, the Ran premium jack-up rig is on contract with the identical buyer and will likely be mobilized to its subsequent contract with TotalEnergies in Mexico, after ending this task. The rig’s new job is anticipated to start within the second half of October 2023. The Ran jack-up rig is of KFELS Tremendous A design. It was constructed at Keppel KFELS yard in Singapore and might function in water depths of as much as 400 ft. The rig’s most drilling depth is 35,000 ft.
Final however not least, the Gerd premium jack-up rig accomplished its transit from Africa to the UAE in September 2023 and is presently present process preparations forward of its upcoming contract with Bunduq. Following discussions with the shopper, Borr Drilling anticipates that this rig will begin its contract in mid-November, forward of the beforehand introduced schedule.
The 2018-built Gerd jack-up rig is of PPL Pacific Class 400 design and might accommodate 150 folks. Constructed at PPL Shipyard PTE in Singapore, the rig is able to working in water depths of as much as 400 ft and its most drilling depth is 30,000 ft.
Inspired by the continued upcycle within the offshore drilling market and powerful jack-up demand, Borr Drilling recently confirmed that it was engaged in lively discussions with Seatrium (previously Keppel) to expedite supply of its rigs Vale and Var to August and November 2024, respectively.
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