CATEGORIZED | News

Atwood Beacon to mobilize to Equatorial Guinea for Hess

Posted on 08 October 2009

 Atwood Oceanics’ ATWOOD BEACON has been awarded a contract by Hess Equatorial Guinea to drill offshore Equatorial Guinea under a firm program of six wells, estimated to take 240 days to complete, with options to extend the program to drill up to six additional wells. If all options are exercised, the drilling program could be extended for another 240 days.

The contract provides for an operating dayrate for all firm and option wells of $110,000, plus a mobilization fee of $950,000. In anticipation of this contract award, the rig had previously been relocated from India to Singapore, where it is currently loaded on a dry transport vessel for the mobilization to Equatorial Guinea, which will take approximately 30 days.

The total cost to relocate the rig from India to Singapore and then to Equatorial Guinea is estimated to be around $7 million.

Leave a Reply

*

FEATURED MICROSITES


Recent Drilling News

  • 22 October 2014

    Shell discovers gas in pre-salt reservoir offshore Gabon

    Shell announced a frontier exploration discovery offshore Gabon, West Africa. The well Leopard-1 encountered a substantial gas column with around 200 m net gas pay…

  • 22 October 2014

    Statoil proves new oil resources near Grane field in North Sea

    Well 25/8-18 S, drilled by the rig Transocean Leader, proved an oil column of 25 m in the Heimdal Formation. The estimated volume of the discovery…

  • 21 October 2014

    IADC Cybersecurity Task Group to provide industry guidance to assess risks

    The oil and gas industry is not immune to cybersecurity threats, from computer viruses and malware to targeted attacks. The IADC Advanced Rig Technology (ART) Committee…

  • 21 October 2014

    Check-6 launches RIGOR digital checklist and compliance system

    Check-6 has launched RIGOR, a checklist-based mobile app to help simplify complex procedures and mitigate human error on the rig. Taking lessons from the aviation industry…

  • 21 October 2014

    Video: Next IADC Land Contract update to start in 2016

    The latest version of the IADC Land Contract was released in November 2013. Various incidents, including Macondo, delayed the release. “It’s an industry contract…

  • Read more news