The Maersk Intrepid jackup will drill a high-pressure, high-temperature exploration well in the Oswig prospect in Block 30/5C of the Northern North Sea basin offshore Norway. The contract is expected to commence in mid-2022.

Among other things, the company will explore opportunities to make new decarbonization offerings available to the broader upstream segment and beyond the oil and gas industry. It will also invest in geothermal ventures and lower carbon energy transition businesses.

The well was exercised as part of the options agreed in the contract entered into between Odfjell Drilling and Lundin Energy in March 2021. The well will commence in January 2022 and will be completed prior to the commencement of the semisubmersible’s contract with Equinor in Q1 2022.

Upon completion in Q2 2022, the merger will create the largest energy company listed on the Australian Security Exchange. Completion is conditional on approval by certain regulatory and competition authorities, as well as Woodside shareholders.

The contract, which calls for the Maersk Resilient to drill an appraisal well in the North Sea, is expected to commence in end-2021, in direct continuation of the rig’s current work scope. The contract has an estimated duration of 60 days and a value of approximately $5.4 million.

The contracts for the West Carina and West Tellus drillships have been signed on a three-year fixed-term basis, with expected commencement in September 2022. Total contract value for the two contracts is approximately $549 million. The two rigs will work on the Búzios field offshore Brazil.

The Stena Drilling drillship will be mobilized from the eastern Mediterranean to Canada after an agreement was reached to accommodate a well for ExxonMobil offshore Newfoundland and Labrador in 2022. It is planned that the rig will return to the eastern Mediterranean upon completion of operations in Canada.

The contract is expected to commence in December 2021, with a firm duration of 84 days. The contract value is approximately $6.9 million, excluding an agreed fee for the potential use of the rig’s Selective Catalyst Reduction (SCR) system. The contract includes two additional one-well options.

Flow and subsequent pressure build-up tests were recently completed at the Sapakara South-1 appraisal well, while Bonboni-1, the first exploration well in the northern portion of Block 58, penetrated 16 m (52 ft) of net pay in a single zone, consisting of low-GOR, 25-degree API black oil.

The strategic partnership will leverage ADNOC’s energy and hydrogen capabilities and TAQA’s renewables expertise. The companies plan to have a total generating capacity of at least 30 GW of renewable energy by 2030.