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Seadrill to build 4 more new jackups Seadrill has entered into agreements with Keppel FELS and PPL Shipyard in Singapore for the construction of a total of four jackup newbuilds with delivery in 2010. The two units to be built at Keppel FELS will be based on the KFELS Mod V ‘B’ design. The rated water depth is 400 ft, and drilling depth is 30,000 ft. Deliveries are scheduled in June 2010 and November 2010, and the total contract price for the two units is approximately US$420 million. These jackups will be the fifth and sixth jackup orders that Seadrill has placed with KFELS. The shipyard recently completed its fourth jackup, West Ariel, for Seadrill, within budget and three days ...

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News Cuttings

IADC holds Returning Military Campaign Job Fair at Fort Hood IADC Career Connection (ICC) held its second Returning Military Campaign (RMC) Job Fair at Fort Hood, Texas, on 14 May. It was held in conjunction with the Army Career Alumni Program Semi-Annual Job Fair, which attracted 170 companies from across the US. Ten IADC member companies participated: Bandera Drilling, Chesapeake, ENSCO, Grey Wolf Drilling, Helmerich & Payne, Nabors International, Parker Drilling, Patterson UTI, Pride International and Transocean. Recruiters met with more than 2,000 military – including artillery soldiers, infantrymen, medics, mechanics, electricians, aviators and even retiring officers – and their families. Ann Brazzel, vice president of Bandera Drilling, commented, “The young men and women at Fort Hood were a delight ...

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Wirelines

IADC Chairman Meets Governor on E&P Access 2008 IADC chairman John Lindsay of Helmerich & Payne joined producer representatives in a Denver meeting with Colorado Gov. Bill Ritter to express concerns about proposals of the Colorado Oil and Gas Conservation Commission (COGCC) to limit E&P activity in the state. Draft regulations would suspend drilling operations for three months each year, allegedly in the interest of wildlife protection. Not only would that discourage contractors from working in the state, Mr Lindsay argued, but the drilling suspension could be as long as five months, considering the time needed for rig mobilization and de-mobilization. EU Ministers Announce New Working Time Proposal After years of political impasse, EU ministers came to a political agreement ...

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D&C News

StatoilHydro awards 5-year contract to Aker Drilling rig StatoilHydro has awarded a five-year contract to Aker Drilling’s Aker Spitsbergen for drilling operations in the Norwegian Sea. The contract was originally awarded in December 2006, but StatoilHydro has had until now to decide the length of the fixed part of the contract, beyond a minimum period of three years. It was important to be awarded this contract for Aker’s first drilling unit, said Geir Sjøberg, Aker president and CEO. Value of the contract is estimated at approximately US $970 million. The Aker Spitsbergen, an Aker sixth-generation rig, will be used for drilling assignment at Halten Nordland in the Norwegian Sea. It is designed for the Norwegian continental shelf, where deep waters ...

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News Cuttings

KCA DEUTAG director Claus Chur named Contractor of the Year IADC has named Claus Chur, KCA DEUTAG director technical services, as the 2008 IADC Contractor of the Year. “I am deeply honored to be selected as the 2008 IADC Contractor of the Year,” Mr Chur said in accepting the award. “I am particularly proud of this award, being only the second European to have received it. And I want to take this opportunity to praise IADC president Dr Lee Hunt for developing IADC into a truly international organization.” The Contractor of the Year Award is the most prestigious award in the drilling industry, and the recipient is selected by IADC’s leadership for career contributions to the association and the drilling ...

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Wirelines

Indonesia tax scheme raises concern IADC has written the Indonesian director general of tax to urge the consistent application of Indonesia’s “deemed profits” regime for offshore drilling contractors. Over many years, IADC has worked with the Indonesian government to establish a reliable taxation system for its members operating in Indonesia. As recently as 2005, an IADC delegation went to Jakarta to update that regime, which was successfully completed. A recent audit of an IADC member company raises concerns that regulatory authorities may not be observing settled agreements with IADC on the tax regime. IADC senior vice president – government affairs Brian Petty has written to support contractors’ position, emphasizing the importance of the long-standing agreement between IADC and the Tax ...

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