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2 clusters · 3 sources · 13 days · First seen · Last updated

Global offshore drilling contract activity

Overview

The offshore drilling sector has seen a series of new contract awards and construction agreements across various regions.

In mid-October, Seadrill Limited secured multiple contracts and extensions for its deepwater drillships. These include an 880-day contract in Indonesia valued at approximately $420 million, an extension for the West Capella in Malaysia through February 2028, and a rig commitment in Angola through January 2030. Additionally, the Sevan Louisiana was awarded a short-term contract in the U.S. Gulf of Mexico.

By late October, activity expanded in Southeast Asia. Idemitsu Gas Production contracted PV Drilling for an offshore exploration campaign in Vietnam’s Nam Con Son Basin scheduled for 2027. Meanwhile, in Singapore, Keppel’s subsidiary RigCo and Seatrium entered a deal exceeding S$500 million to construct four offshore rigs, including a seventh-generation drillship and a harsh-environment jack-up rig, to meet rising demand driven by energy security needs and an aging global fleet.

Entities

Keppel · Kosmos Energy · Samir Ali · Seatrium · Seadrill Limited

Timeline

  1. [BUSINESS] 3 sources
    Offshore drilling activity expands with new contracts in Vietnam and Singapore

    New offshore energy developments include PV Drilling’s 2027 exploration campaign in Vietnam and a S$500 million rig construction deal between Keppel’s RigCo and Seatrium in Singapore.

  2. [BUSINESS] 2 sources
    Seadrill secures drilling contracts in Indonesia, Malaysia, Angola, and US Gulf

    Seadrill has secured multiple deepwater drilling contracts and extensions in Indonesia, Malaysia, Angola, and the US Gulf, including a $420 million award for the West Carina in Indonesia.

Sources

aogdigital.com · container-news.com · toray.co.jp