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

  • 28 July 2014

    SDI completes 500th MagTraC MWD Ranging project

    Scientific Drilling International (SDI) has completed the 500th MagTraC MWD Ranging project. MagTraC was introduced in 1998 to target challenging applications...

  • 28 July 2014

    Modular offshore rig design reduces deployment costs

    William Jacob Management (WJM) has introduced an offshore rig design that reduces deployment costs and improves speed-to-market for upstream operations. The 3,000-hp...

  • 23 July 2014

    Halliburton promotes Jeff Miller to President

    Halliburton has promoted Jeff Miller to President and has appointed him to the Halliburton Board of Directors effective 1 August 2014. Mr Miller is currently the...

  • 23 July 2014

    Statoil resumes production on Njord A platform

    Statoil has resumed oil and gas production on the Njord A platform in the Norwegian Sea, after a major reinforcement of the platform structure. Production had been shut down...

  • 22 July 2014

    Petrobras’ domestic oil production tops 2 million bbl/day in June

    Petrobras’ June oil production in Brazil averaged 2 million bbl/day (bpd), a 1.7% increase from May’s production of 1.9 million bpd. In addition, the production operated...

  • Read more news